Updated Dec 20, 2023
Nam Lam Acquires Retail Property In Mountain View For $8M
209 East Middlefield Road, Mountain View, California 94043, United States
$8,000,000
$1,913/SF
Building Size
4,180 SF
Asset Type
Retail
Closing
May 8, 2022
About this deal
AI
Located at 209 E. Middlefield Rd. in Mountain View, this retail property was recently sold for a price of $8,000,000. The property spans 4,180 square feet, resulting in a price per square foot of $1,913. The sale took place on May 9, 2022.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $8,000,000
- Address: 209 E. Middlefield Rd.
- Market: Mountain View
- Buyer: Nam Lam
- Seller: Yi Cao
- Broker: Louis Kwok - Marcus & Millichap
The transaction was brokered by Louis Kwok of Marcus & Millichap. The buyer, Nam Lam, acquired the property from the seller, Yi Cao. The deal was closed on May 9, 2022, and the sale price was $8,000,000. The property is located at 209 E. Middlefield Rd. in Mountain View and spans 4,180 square feet. The price per square foot for this retail asset was $1,913.
Players
Mountain View 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
1.98%
Cash-on-Cash
-0.57%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93