Updated Oct 29, 2024
Malek Living Trust Acquires Retail Property On Morse Ave In Sunnyvale For $4.5M
616 Morse Ave, Sunnyvale, CA 94085, USA
$4,500,000
$24/SF
Building Size
185,000 SF
Asset Type
Retail
Closing
May 14, 2020
About this deal
AI
The retail property located at 616 Morse Ave in Sunnyvale has been sold for a price of $4,500,000. The property spans across an area of 18,500 square feet, resulting in a price per square foot of $243.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $4,500,000
- Square Footage: 18,500
- Price per Square Foot: $243
- Address: 616 Morse Ave, Sunnyvale
- Market: Sunnyvale
The buyer in this transaction is Malek Living Trust, while the seller is Wsb Morse LLC.
The retail sale at 616 Morse Ave, Sunnyvale, CA 94085, USA in Sunnyvale, California sold for $4.5M in 2020. The building is 185,000 square feet, implying about 24 per square foot on the published price. This page is the Sunnyvale, California file for the 616 Morse Ave, Sunnyvale, CA 94085, USA retail sold: pricing, party profiles, and other closed retail comps from the same Sunnyvale sit in the Market section below. Filter that Sunnyvale retail set by closing date to see what else sold near 616 Morse Ave, Sunnyvale, CA 94085, USA around 2020. Published consideration for 616 Morse Ave, Sunnyvale, CA 94085, USA is $4.5M, dated 2020. Cite this Malek Living Trust Acquires Retail Property On Morse Ave In Sunnyvale For $4.5M sale when underwriting similar retail product around Sunnyvale, California.
Players
Sunnyvale 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
3.53%
Cash-on-Cash
-1.01%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93