facebook
Traded Co logo
Submit
Daily limit: 0/10

Craig L. DeSanto Of New York Life Insurance And Atit Jariwala Of Bridgeton Holdings Acquire Office Building In Palo Alto For $32M

Property Image
SOLD
$32,000,000

California

See Similar Deals
Office47,800 SF
Sold 11/13/2025
the dealplayerscompscontact
Property Image
SOLD

Craig L. DeSanto Of New York Life Insurance And Atit Jariwala Of Bridgeton Holdings Acquire Office Building In Palo Alto For $32M

260 Sheridan Avenue

See Similar Deals
Office47,800 SF
Sold 11/13/2025
the dealplayerscompscontact
Contact now

Summary

CALIFORNIA
Asset Type:Office
Price Per Square Foot:$669
Total Square Footage:47,800 SF
Transaction Type:Sale

A 47,800-square-foot office building located at 260 Sheridan Avenue in Palo Alto has been acquired by New York Life Insurance in partnership with Bridgeton Holdings. The sale price for this property was $32 million, equating to approximately $669 per square foot.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: $32,000,000
  • Address: 260 Sheridan Avenue
  • Market: Palo Alto
  • Buyer: Craig L. DeSanto - New York Life Insurance
  • Buyer: Atit Jariwala - Bridgeton Holdings
  • Square Footage: 47,800
  • Price Per Square Foot: $669

This deal marks a strategic investment in one of Silicon Valley’s most sought-after office markets, highlighting the commitment of New York Life Insurance and Bridgeton Holdings to enhance their investment portfolios in prime locations.

Players

AJ
Atit Jariwala
6 deals$298M volume
BUYER
NI
New York Life Insurance
BUYER
New York Life
New York Life
BUYER
BH
Bridgeton Holdings
BUYER

Details

SOLD
IMAGE: Craig DeSanto & Atit Jariwala DATE: 11/13/2025 ADDRESS: 260 Sheridan Avenue MARKET: Palo Alto ASSET TYPE: Office BUYER: Craig L. DeSanto - New York Life Insurance (@NewYorkLife); Atit Jariwala (@AtitJariwala) - Bridgeton Holdings SALE PRICE: $32,000,000 SF: 47,800 ~ PPSF: $669 NOTE: New York Life Insurance, in partnership with Bridgeton Holdings, acquired a 47,800-square-foot office building in Palo Alto for $32 million ($700/SF). The deal marks a strategic investment in one of Silicon Valley’s most sought-after office markets.

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$1,706,666.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$113,689.24
Cash-on-Cash Return-1.27%
Monthly Debt Service$151,696.33
Annual Debt Service$1,820,355.91