Updated Dec 22, 2023
Andrew Marchese, Elise Marchese Vaughn, Paulina Marchese & Christopher J Marchese III Acquire Los Gatos Office Building From Mark D Milani For $6.22M
455 Los Gatos Boulevard, Los Gatos, California 95032, United States
$6,221,500
$763/SF
Building Size
8,147 SF
Asset Type
Office
Closing
Jul 14, 2022
About this deal
AI
An office building located at 455 Los Gatos Blvd in Los Gatos, CA has been sold in a closed transaction. The property spans approximately 8,147 square feet and was sold for a total price of $6,221,500. This translates to a price per square foot of $763.
Summary of transation details
- Property Type: Office Building
- Transaction Amount: $6,221,500.00
- Address: 455 Los Gatos Blvd, Los Gatos, CA
- Market: Los Gatos, CA
The buyer of the office building is Andrew Marchese, Elise Marchese Vaughn, Paulina Marchese & Christopher J Marchese III. On the other hand, the seller of the property is Mark D Milani.
Players
Los Gatos 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
2.55%
Cash-on-Cash
-0.73%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93