Updated Jan 30, 2024
Timothy J. Watson Acquires Retail Property In Los Altos For $12.5M
245 Hawthorne Ave, Los Altos, CA, USA
$12,500,000
$319/SF
Building Size
39,078 SF
Asset Type
Retail
Closing
Mar 17, 2021
About this deal
AI
A retail property located at 245 Hawthorne Ave in Los Altos has been sold. The property, captured in an image by Timothy J. Watson, was sold on 03/18/2021. The transaction was valued at $12,500,000.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $12,500,000
- Address: 245 Hawthorne Ave
- Market: Los Altos
- Buyer: Timothy J. Watson
- Seller: Deane Furuich & Connie Lunbeck
Timothy J. Watson acquired the property from sellers Deane Furuich & Connie Lunbeck. The transaction reflects the thriving retail market in Los Altos and the significant investment made by the buyer.
Players
Los Altos 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
1.27%
Cash-on-Cash
-0.36%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93