Updated Dec 4, 2024
Randeep Rekhi Acquires Retail Property On Persian Drive, Sunnyvale For $2.8M
1270 Persian Drive
$2,800,000
$513/SF
Building Size
5,452 SF
Asset Type
Retail
Closing
Feb 13, 2024
About this deal
AI
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $2,800,000
- Address: 1270 Persian Drive, Sunnyvale
- Market: Sunnyvale
- Square Footage: 5,452
- Price per Square Foot: $514
- CAP Rate: 2.31%
The retail sale at 1270 Persian Drive in Sunnyvale, California sold for $2.8M in 2024. The building is 5,452 square feet, implying about 513 per square foot on the published price. Ron E. Cruz, CCIM, Andres Claure, Newmark, The Econic Company appear on the sale alongside Newmark, The Econic Company. This page is the Sunnyvale, California file for the 1270 Persian Drive retail sold: pricing, party profiles, and other closed retail comps from the same Sunnyvale sit in the Market section below. Filter that Sunnyvale retail set by closing date to see what else sold near 1270 Persian Drive around 2024. Published consideration for 1270 Persian Drive is $2.8M, dated 2024. Cite this Randeep Rekhi Acquires Retail Property On Persian Drive, Sunnyvale For $2.8M sale when underwriting similar retail product around Sunnyvale, California.
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Sunnyvale Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.67%
Cash-on-Cash
-1.62%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93