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
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