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Kennedy Wilson Acquires Office Building In Campbell For $147.3M

Property Image
SOLD
$147,300,000
Steven (Steve) Hermann
Eric Fox
+ 1

California

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Industrial90,298 SF
Sold 07/20/2020
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Property Image
SOLD

Kennedy Wilson Acquires Office Building In Campbell For $147.3M

200 E Hacienda Ave, Campbell, CA, USA

See Similar Deals
Industrial90,298 SF
Sold 07/20/2020
Steven (Steve) Hermann
Eric Fox
+ 1
Contact now

Summary

CALIFORNIA
Asset Type:Industrial
Price Per Square Foot:$1,631
Total Square Footage:90,298 SF
Transaction Type:Sale

Located in Campbell, the office property at 200 E. Hacienda Ave. has been sold for a total of $147,300,000. The transaction took place on July 20, 2021. The property spans 267,476 square feet and has a price per square foot of $550. The buyers of the property are Kennedy Wilson, while the sellers are Vista Investment Group and PIMCO.

Summary of transation details

  • Property Type: Office
  • Transaction Amount: $147,300,000
  • Address: 200 E. Hacienda Ave.
  • Market: Campbell
  • Square Footage: 267,476
  • Price Per Square Foot: $550

Erik Fox, Seth Siegel, Steven Hermann, Ryan Venezia, and Rick Ryan from Cushman & Wakefield represented both the buyer, Kennedy Wilson, and the sellers, Vista Investment Group and PIMCO, in this transaction.

Players

2 deals$192.8M volume
BROKER

RV
8 deals$608.4M volume(415) 658-3602
BROKER

Steven (Steve) Hermann
Cushman & Wakefield
5 deals$372.1M volume
BROKER

Rick Ryan
Cushman & Wakefield
2 deals$251M volume
BROKER

Vista Investment Group
SELLER

SELLER

Details

SOLD
IMAGE: Eric Fox, Seth Siegel, Steven Hermann & Rick Ryan DATE: 07/20/2021 ADDRESS: 200 E. Hacienda Ave. MARKET: Campbell ASSET TYPE: Office BUYER: Kennedy Wilson SELLER: Vista Investment Group & PIMCO BROKERS: Eric Fox, Seth Siegel, Steven Hermann, Ryan Venezia & Rick Ryan - Cushman & Wakefield SALE PRICE: $147,300,000 SF: 267,476 ~ PPSF: $550

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$7,855,999.99

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$523,325.79
Cash-on-Cash Return-1.27%
Monthly Debt Service$698,277.15
Annual Debt Service$8,379,325.79