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325 Sharon Park Drive, Menl...

One Medical Leases Retail Space In Silicon Valley At 325 Sharon Park Dr
LEASEDRetail

One Medical Leases Retail Space In Silicon Valley At 325 Sharon Park Dr

325 Sharon Park Drive, Menlo Park, California 94025, United States

Building Size

3,478 SF

Asset Type

Retail

Closing

Apr 7, 2022

AI

The retail property located at 325 Sharon Park Dr. in Silicon Valley has been leased. The lease transaction took place on 04/08/2022, with One Medical as the tenant. The property, owned by The Radin Company and represented by Evan Meyer, has a total square footage of 3,478. The asking rent for the lease was $54 per square foot.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: N/A
  • Address: 325 Sharon Park Dr.
  • Market: Silicon Valley

Ron E. Cruz and Sean O'Carroll from Retail In The Bay, represented by Newmark, served as the tenant's representatives in this lease deal. On the other hand, the landlord was represented by Jon Stansbury and James Gaglione from Kidder Mathews.

Players

Ron E. Cruz, CCIM

The Econic Company

Broker

$52.3M

vol

17 deals

Broker
OM
One MedicalTenant

Menlo Park 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