SOLDRetail
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
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%
Players
Sunnyvale Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
Loading comparables…
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