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
- Property Type: Office
- Transaction Amount: $39,300,000
- Address: 250 Cambridge, Palo Alto
- Market: Palo Alto
- Buyer: 250 Cambridge LP
- Seller: Tarlton Properties
- Brokers: Steven Golubchik, Seth McKinnon, Jonathan Schaefler, Darren Hollak, Ramsey Daya & Chris Moritz - Newmark
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
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