facebook
Traded Co logo
Submit
Daily limit: 0/10

Frank Barry III Acquires Retail And Office Properties In Palo Alto From Melanie Barry Properties For $25M

Property Image
SOLD
$25,000,000

California

See Similar Deals
Retail
Sold 12/16/2025
the dealdetailscomps
Property Image
SOLD

Frank Barry III Acquires Retail And Office Properties In Palo Alto From Melanie Barry Properties For $25M

720 San Antonio Road & 431 Florence Street

See Similar Deals
Retail
Sold 12/16/2025
the dealdetailscomps

Summary

CALIFORNIA
Asset Type:Retail
Transaction Type:Sale

Frank Barry III acquired two properties in Palo Alto, consisting of retail and office spaces located at 720 San Antonio Road and 431 Florence Street. The sale was finalized for a total of $25,000,000. Both properties are currently leased to commercial tenants.

Summary of transaction details:

  • Property Type: Retail & Office
  • Transaction Amount: $25,000,000
  • Buyer: Frank Barry III
  • Seller: Chloe Moreno - Melanie Barry Properties
  • Market: Palo Alto

This transaction was part of a partnership dissolution, where Frank Barry III also sold two other properties for just over $2 million. The deal reflects a trend among Silicon Valley families restructuring their real estate portfolios.

Details

SOLD
IMAGE: Chloe Moreno DATE: 12/16/2025 ADDRESS: 720 San Antonio Road & 431 Florence St MARKET: Palo Alto ASSET TYPE: Retail & Office BUYER: Frank Barry III SELLER: Chloe Moreno - Melanie Barry Properties SALE PRICE: $25,000,000 NOTE: Frank Barry III bought two Palo Alto properties from Melanie Barry Properties for $25 million while selling two others for just over $2 million as part of a partnership dissolution. The acquisitions include 720 San Antonio Road and 431 Florence Street, both leased to commercial tenants, reflecting a broader trend of Silicon Valley families reshaping real estate portfolios.

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$1,333,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$88,819.73
Cash-on-Cash Return-1.27%
Monthly Debt Service$118,512.75
Annual Debt Service$1,422,153.05