Updated Dec 17, 2025
Palo Alto Networks Affiliate Purchases 14.5 Acre Development Site In Santa Clara For $90M
3625 Peterson Way
$90,000,000
Building Size
—
Asset Type
Development Site
Closing
Dec 12, 2025
About this deal
AI
The property involved in this transaction is a 14.5-acre development site located at 3625 Peterson Way in Santa Clara. It was purchased for $90 million, and the seller had previously intended to construct nearly 700,000 square feet of office space on the site.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $90,000,000
- Address: 3625 Peterson Way
- Market: Santa Clara
- Seller: Owen D. Thomas - BXP
- Broker: Edmund Najera - Newmark
- Broker: Jon Cannon - Newmark
A Palo Alto Networks affiliate was the buyer in this transaction. The brokers, Edmund Najera and Jon Cannon, represented the seller, BXP, in the deal.
On the Map
$90,000,000
Development Site
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Players
Santa Clara Development Site Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.18%
Cash-on-Cash
-0.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93