Updated Dec 21, 2023
Stanley Ko Acquires Retail Property In Palo Alto, California For $4.2M
423 University Avenue, Palo Alto, California 94301, United States
$4,192,500
$1,863/SF
Building Size
2,250 SF
Asset Type
Retail
Closing
Jan 19, 2022
About this deal
AI
The retail property located at 423 University Ave in Palo Alto, CA has been sold. The transaction took place on January 20, 2022. The asset has a total square footage of 2,250, and the price per square foot was $1,863. The sale price for the property was $4,192,500.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $4,192,500
- Square Footage: 2,250
- Price per Square Foot: $1,863
The buyer of the property is Stanley Ko, while the seller is John R Felt.
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
3.78%
Cash-on-Cash
-1.08%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93