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390 East El Camino Real, Su...

One Medical Leases Retail Space At 390 West El Camino Real In Silicon Valley
LEASEDRetail

One Medical Leases Retail Space At 390 West El Camino Real In Silicon Valley

390 East El Camino Real, Sunnyvale, California 94087, United States

Building Size

3,801 SF

Asset Type

Retail

Closing

Jan 5, 2022

AI

The retail property located at 390 West El Camino Real in Silicon Valley has been leased in a transaction closed on 01/05/2022. The asset, spanning approximately 3,801 square feet, was leased by One Medical.

Summary of transation details

  • Property Type: Retail
  • Transaction Amount: Not specified
  • Address: 390 West El Camino Real
  • Market: Silicon Valley

Ron E. Cruz and Sean O'Carroll from Newmark represented One Medical as the tenant's representatives in the deal. Dixie Divine from Prime Commercial Inc. acted as the landlord's representative on behalf of The Irvine Company.

The asking rent for the leased property was $75 per square foot.

Players

Ron E. Cruz, CCIM

The Econic Company

Broker

$52.3M

vol

16 deals

Broker
Newmark
NewmarkBrokerage

Sunnyvale 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