Updated Dec 4, 2024
PSAI Realty Partners Acquires Office In Sunnyvale For $31M
350 Cobalt Way, Sunnyvale, California 94085, United States
$31,000,000
$231,343/SF
Building Size
134 SF
Asset Type
Office
Closing
Jan 23, 2023
About this deal
AI
This office property located at 350 Cobalt Way in Sunnyvale has been sold in a transaction worth $31,000,000. The property spans 8.3 acres and offers 134,200 square feet of space. The sale price equates to $231 per square foot.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $31,000,000
- Address: 350 Cobalt Way, Sunnyvale
- Market: Sunnyvale
- Lot Size: 8.3 acres
- Square Footage: 134,200
The buyer in this transaction is PSAI Realty Partners represented by Peter Sullivan. The seller is Fujitsu North America. This deal marks a significant change in ownership for the property.
On the Map
$31,000,000
$231,343/SF
Office
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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
0.51%
Cash-on-Cash
-0.15%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93