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
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