Updated Sep 8, 2026
El Camino Health Acquires Medical Office In San Jose For $19.5M
625 Lincoln Avenue, San Jose, California 95126, United States
$19,500,000
$552/SF
Building Size
35,272 SF
Asset Type
—
Closing
Sep 14, 2022
About this deal
AI
The medical office located at 625 Lincoln Avenue in San Jose has been sold in a recent transaction. The property, spanning 35,272 square feet, was sold for a price of $19,500,000, resulting in a price per square foot of $553.
Summary of transaction details
- Property Type: Medical Office
- Transaction Amount: $19,500,000
- Address: 625 Lincoln Avenue
- Market: San Jose
- Buyer: El Camino Health
- Seller: The Sobrato Organization
- Brokers: Scott Prosser, Joe Moriarty, Jack DePuy, Mike Taquino, Kyle Kovac & Alec Haley - CBRE
The transaction was facilitated by the brokers Scott Prosser, Joe Moriarty, Jack DePuy, Mike Taquino, Kyle Kovac, and Alec Haley, all representing CBRE. This deal represents a significant exchange of ownership in the medical office market of San Jose.
On the Map
$19,500,000
$552/SF
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Players
San Jose CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.81%
Cash-on-Cash
-0.23%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93