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
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