Updated Oct 29, 2024
Preylock Real Estate Holdings Acquires Mountain View Office Building For $190M
620 National Avenue, Mountain View, CA, USA
$190,000,000
$1,266/SF
Building Size
150,000 SF
Asset Type
Office
Closing
Sep 12, 2019
About this deal
AI
Preylock Real Estate Holdings has acquired an office property located at 620 National Avenue in Mountain View. The property, spanning 150,000 square feet, was sold by National Avenue Partners LLC for a total price of $190,000,000. This translates to a price per square foot of $1,260.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $190,000,000
- Address: 620 National Avenue
- Market: Mountain View
The acquisition was finalized on September 13, 2019. Brett Lipman's photograph captures the essence of the property.
Please note that no additional details were provided regarding any financing involved in the transaction or any representatives of the buyer or seller.
Players
Mountain View 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
0.08%
Cash-on-Cash
-0.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93