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4300 Great America Parkway,...

Local Kitchens Leases Retail Space At 4300 Great America Pkwy In Silicon Valley
LEASEDRetail

Local Kitchens Leases Retail Space At 4300 Great America Pkwy In Silicon Valley

4300 Great America Parkway, Santa Clara, California 95054, United States

Building Size

2,300 SF

Asset Type

Retail

Closing

Apr 12, 2022

AI

Located at 4300 Great America Pkwy in Silicon Valley, this retail property has recently been leased by Local Kitchens. The lease transaction was facilitated by Ron E. Cruz & Matt Sweeney from Retail In The Bay, who represented the tenant, and David Taxin from Meacham-Oppenheimer Inc., who represented the landlord, Vantage Capital Partners.

Summary of transaction details

  • Property Type: Retail
  • Transaction Date: 04/13/2022
  • Address: 4300 Great America Pkwy
  • Market: Silicon Valley
  • Asking Rent: $75/ft.
  • Square Footage: 2,300 SF

The lease agreement was signed on the mentioned date, securing the property for Local Kitchens. With a retail asset type, this deal represents a significant transaction in Silicon Valley. Ron E. Cruz & Matt Sweeney from Retail In The Bay, acting as the tenant's representatives, successfully negotiated the terms of the lease with Vantage Capital Partners. David Taxin from Meacham-Oppenheimer Inc. served as the landlord's representative, ensuring a smooth transaction for both parties involved.

Players

Ron E. Cruz, CCIM

The Econic Company

Broker

$52.3M

vol

16 deals

Broker

Santa Clara 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