Updated Oct 28, 2024
Deerfield Realty Acquires Office In Palo Alto For $36M
431 Waverley Street, Palo Alto, California 94301, United States
$36,000,000
$2,307/SF
Building Size
15,599 SF
Asset Type
Office
Closing
May 2, 2022
About this deal
AI
The property involved in this transaction is an office building located at 431 Waverley St. and 430 Kipling St. in Palo Alto. The sale price for this property was $36,000,000, with a total square footage of 16,000. This translates to a price per square foot of $2,250.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $36,000,000
- Square Footage: 16,000
- Price Per Square Foot: $2,250
The buyer in this transaction is Deerfield Realty, while the seller is Windy Hill Property Ventures represented by Jamie D’Alessandro and Amex Ventures represented by Matt Sueoka.
Players
Palo Alto 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
0.44%
Cash-on-Cash
-0.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93