Updated Dec 21, 2023
Carmencita Gonzales Acquires Palo Alto Retail Property From Sharon C Rupp For $5.65M
2905 West El Camino Real, Palo Alto, California 94306, United States
$5,650,000
$882/SF
Building Size
6,400 SF
Asset Type
Retail
Closing
Jan 31, 2022
About this deal
AI
The retail property located at 2905 El Camino Real in Palo Alto, CA has been sold. The transaction took place on 02/01/2022. The property spans across 6,400 square feet and was sold at a price of $5,650,000, which equates to approximately $882 per square foot.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $5,650,000
- Address: 2905 El Camino Real, Palo Alto, CA
- Market: Palo Alto, CA
The buyer of the property is Carmencita Gonzales, while the seller is Sharon C Rupp.
Players
Palo Alto 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
2.81%
Cash-on-Cash
-0.80%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93