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
Menlo Park Retail Market Snapshot
Boundary boundary · Retail · Lease transactions
Loading comparables…
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