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335 Moffett Park Drive, Sun...

Ellis Partners Acquires Office In Sunnyvale For $28M From Cilker Orchards
SOLDOffice

Ellis Partners Acquires Office In Sunnyvale For $28M From Cilker Orchards

335 Moffett Park Drive, Sunnyvale, California 94089, United States

$28,000,000

$315/SF

Building Size

88,900 SF

Asset Type

Office

Closing

Sep 19, 2022

AI

The office property located at 335 East Moffett Park Drive in Sunnyvale has been sold. The property covers an area of approximately 5 acres. The transaction took place on September 20, 2022.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: $28,000,000
  • Square Footage: 88,900
  • Price Per Square Foot: $315
  • Address: 335 East Moffett Park Drive, Sunnyvale
  • Market: Sunnyvale

The buyer of the property is Ellis Partners, represented by James F. Ellis & Melinda Ellis Evers. The seller is Cilker Orchards Management. The sale price for the property was $28,000,000. The total square footage of the office space is 88,900, resulting in a price per square foot of $315.

Players

James Ellis

Ellis Partners

Buyer

$96.3M

vol

5 deals

Buyer

Sunnyvale 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

0.57%

Cash-on-Cash

-0.16%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93