SOLDRetail
J. Marc Perrin Of Roxborough Group Acquires Retail Complex In Cupertino For $130M
19379 Stevens Creek Boulevard & 19540 Vallco Parkway
$130,000,000
$992/SF
Building Size
131,000 SF
Asset Type
Retail
Closing
Jul 29, 2026
AI
The retail complex located at 19379 Stevens Creek Boulevard & 19540 Vallco Parkway in Cupertino, CA, has been sold for $130,000,000. The property features a total area of 131,000 square feet, resulting in a price per square foot of $992.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $130,000,000
- Buyer: J. Marc Perrin - Roxborough Group
- Seller: Peter Pau
- Lender:Equitable Financial Life Insurance of America
- Loan Amount: $91.4 million
- Square Footage: 131,000
The transaction involved J. Marc Perrin representing Roxborough Group, which acquired the retail complex named Main Street Cupertino, strategically located near Apple's headquarters. The seller, a group led by Peter Pau, completed this significant deal amidst growing investor interest in Cupertino.
Players
Cupertino 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
0.12%
Cash-on-Cash
-0.03%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93