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475 Oakmead Parkway, Sunnyv...

Embarcadero Capital Partners Sells Sunnyvale Office Building For $28.8M
SOLDOffice

Embarcadero Capital Partners Sells Sunnyvale Office Building For $28.8M

475 Oakmead Parkway, Sunnyvale, CA, USA

$28,800,000

$502/SF

Building Size

57,310 SF

Asset Type

Office

Closing

May 23, 2021

AI

Embarcadero Capital Partners has sold an office property located at 475 Oakmead Parkway in Sunnyvale. The sale took place on May 24, 2021, with a transaction amount of $28,800,000. The property spans a total of 57,310 square feet, resulting in a price per square foot of $502.

Summary of transaction details

  • Property Type: Office
  • Transaction Amount: $28,800,000
  • Address: 475 Oakmead Parkway
  • Market: Sunnyvale

The deal involved Embarcadero Capital Partners as the seller. The transaction was facilitated by Eric Yopes & John Hamilton, as seen in the accompanying image shared on Instagram. They served as representatives for the seller during this transaction.

Players

EP
Embarcadero Capital PartnersSeller

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

0.55%

Cash-on-Cash

-0.16%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93