Updated Dec 21, 2023
Siddhartha Kanungo & Tameen Khan Acquire Other Vacant Property In Palo Alto For $5M
725 Chimalus Drive, Palo Alto, California 94306, United States
$5,000,000
$1,725/SF
Building Size
2,897 SF
Asset Type
Other
Closing
Apr 21, 2022
About this deal
AI
The other vacant property located at 725 Chimalus Dr in Palo Alto, CA has been sold. The transaction took place on April 22, 2022. The property spans an area of 2,897 square feet and was sold at a price of $5,000,000, resulting in a price per square foot of $1,725.
Summary of transaction details
- Property Type: Other Vacant
- Transaction Amount: $5,000,000
- Address: 725 Chimalus Dr, Palo Alto, CA
- Market: Palo Alto, CA
The buyers, Siddhartha Kanungo and Tameen Khan, purchased the property from the sellers, Suresh K Gurunathan and Melanie Ann Gurunathan.
Players
Palo Alto Other Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.17%
Cash-on-Cash
-0.91%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93