The Small Space Marketplace

List Your Space

Find Space

Home About Us Executive Subscriber Membership RENTV Conferences Newsletter Contact Us Advertise
August 13, 2020
 Search RENTV
   Go!
 Video Programs
 News
News Home Page
Southern California
Northern California
Pacific Northwest
Texas/Southwest
Retail
Multifamily
Financing
Prop. Management
Archives
Press Releases
 R. E. Marketplace
Service Providers
JobWorks
Property Spotlight
 RENTV  Conferences
Subscriber Login:
  
Email      
    Go!
Password      
Forgot Password?



BAY AREA NEWS
Printer-friendly Version   Email an Associate
Silicon Valley Neighborhood Center Goes for $862/sf

10/10/18

Mary Manor Center, a 12k sf retail center in Sunnyvale, was acquired for $10.35 mil ($862/sf) by a local high net worth private investor who was in a 1031 exchange. The fully occupied center includes a Starbucks as well as six neighborhood retailers. This is the first time property has sold since it was built in 2004.

Located at 201 S. Mary Ave, the two-building property is situated on a 1.13-acre site at the signalized intersection of S. Mary Ave. and W. Washington Ave. It was sold by a locally-based family investment entity.

Chris Tramontano, John Redfield and Bruce Frazier with SRS’ Investment Properties Group represented the seller in the deal. The transactions had a closing cap rate of 4.25%.

“Mary Manor Center is a true pride of ownership, trophy asset,” said Tramontano. “There are very few trades in this market and this highly visible center is well-located down the street from the new Apple campus as well as large offices for Google, LinkedIn, Amazon, among others.”

The area within a one-mile radius of Mary Manor has a dense population of more than 31,000 people and an affluent average household income of more than $132,000. Additionally, more than 12,500 employees are within a one-mile radius of the property.





Return to the Archive page


 


 


 
The Foto Finisher

 
 





Home | About Us | Newsletter | Contact Us | Executive Subscriber Membership | Executive Subscriber Home | Advertise
Southern California | Northern California | Pacific Northwest | Southwest | Retail | Multifamily | Financing | Property Management
Archives | Press Releases | Service Providers | JobWorks | Property Listings

Copyright © 2020 by RENTV, All Rights Reserved
Website designed by Regency Web Services, Inc. and powered by Lightning Media