Updated Oct 28, 2024
Xiang Li Acquires Office Building In Los Altos, CA For $6.4M
339 South San Antonio Road, Los Altos, California 94022, United States
$6,400,000
$727/SF
Building Size
8,798 SF
Asset Type
Office
Closing
Apr 14, 2022
About this deal
AI
An office building located at 339 S San Antonio Rd in Los Altos, CA has been sold for $6,400,000. The property spans 8,798 square feet, resulting in a price per square foot of $727. The sale took place on April 15, 2022, and the buyer was Xiang Li while the seller was Gateway Properties.
Summary of transaction details
- Property Type: Office Building
- Transaction Amount: $6,400,000
- Address: 339 S San Antonio Rd, Los Altos, CA
- Market: Los Altos, CA
- Buyer: Xiang Li
- Seller: Gateway Properties
- Square Footage: 8,798
- Price per Square Foot: $727
In this transaction, Xiang Li acquired the office building located at 339 S San Antonio Rd in Los Altos, CA from Gateway Properties. The property offers 8,798 square feet of space and was purchased for a total of $6,400,000, resulting in a price per square foot of $727.
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.48%
Cash-on-Cash
-0.71%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93