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1640 S Bascom Ave, Campbell...

B12 Love Leases Retail Space At 1640-1760 S. Bascom Ave. In Silicon Valley
LEASEDRetail

B12 Love Leases Retail Space At 1640-1760 S. Bascom Ave. In Silicon Valley

1640 S Bascom Ave, Campbell, California 95008, United States

Building Size

2,014 SF

Asset Type

Retail

Closing

Dec 15, 2021

AI

UBS Realty Investors and Hunter Properties have leased the retail property located at 1640-1760 S. Bascom Ave. in Silicon Valley to B12 Love. The tenant is represented by Max Sander of Kidder Mathews, while the landlord is represented by Ron E. Cruz, Matt Sweeney, and Sean O'Carroll of Retail In The Bay at Newmark.

Summary of transaction details

  • Property Type: Retail
  • Transaction Date: 12/16/2021
  • Market: Silicon Valley
  • Address: 1640-1760 S. Bascom Ave.
  • Asking Rent: $72/ft.
  • Square Footage: 2,014 SF

The retail property at 1640-1760 S. Bascom Ave. in Silicon Valley has been leased to B12 Love. Max Sander from Kidder Mathews represented the tenant, while Ron E. Cruz, Matt Sweeney, and Sean O'Carroll from Retail In The Bay at Newmark represented the landlord. The lease transaction took place on 12/16/2021, with an asking rent of $72/ft. and a total area of 2,014 square feet.

Players

Ron E. Cruz, CCIM

The Econic Company

Broker

$52.3M

vol

16 deals

Broker
UBS Realty Investors
UBS Realty InvestorsLandlord

Campbell Retail Market Snapshot

Boundary boundary · Retail · Lease transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93