Updated Jul 22, 2026
Dan Minkoff Of The Minkoff Group Acquires Former Oracle Campus In Redwood Shores For $56M
12 Twin Dolphin Drive
$56,000,000
$212/SF
Building Size
263,000 SF
Asset Type
Office
Closing
Jul 20, 2026
About this deal
AI
The property asset involved in this transaction is located at 10-12 Twin Dolphin Drive in Redwood Shores, CA. The asset type is office, encompassing 15 acres of land. The transaction was completed at a sale price of $56,000,000, with a total square footage of 263,000, translating to a price per square foot of $213.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $56,000,000
- Address: 10-12 Twin Dolphin Drive
- Market: Redwood Shores, CA
- Asset Size: 15 acres
- Square Footage: 263,000
- Price per Square Foot: $213
- Buyer: Dan Minkoff - The Minkoff Group
- Seller: Jamie Graff - IQHQ
The deal highlights key individuals and companies, with Dan Minkoff representing The Minkoff Group as the buyer and Jamie Graff representing IQHQ as the seller. This transaction emphasizes ongoing changes within the Bay Area's life science and office real estate market.
On the Map
$56,000,000
$212/SF
Office
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Players
Redwood City 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
0.28%
Cash-on-Cash
-0.08%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93