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250 Cambridge Avenue, Palo ...

250 Cambridge Office Building In Palo Alto Sold For $39.3M By Tarlton Properties And Acquired By 250 Cambridge LP
SOLDOffice

250 Cambridge Office Building In Palo Alto Sold For $39.3M By Tarlton Properties And Acquired By 250 Cambridge LP

250 Cambridge Avenue, Palo Alto, California 94306, United States

$39,300,000

$1,137/SF

Building Size

34,558 SF

Asset Type

Office

Closing

May 26, 2022

AI

250 Cambridge, located in Palo Alto, was recently sold in a transaction that took place on May 27, 2022. The property is an office building with a total area of 34,558 square feet. The sale price for this transaction was $39,300,000, resulting in a price per square foot of $1,137.

Summary of transaction details

The sale of 250 Cambridge was facilitated by a team of brokers from Newmark, including Steven Golubchik, Seth McKinnon, Jonathan Schaefler, Darren Hollak, Ramsey Daya, and Chris Moritz. These individuals played a crucial role in representing the buyer and the seller in this transaction.

Players

Darren Hollak

Newmark

Broker

$1.3B

vol

15 deals

Broker

Palo Alto Office Market Snapshot

Boundary boundary · Office · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.40%

Cash-on-Cash

-0.12%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93