Updated Dec 3, 2024
Amazon.com Inc Acquires 41.05-Acre Industrial Property In Santa Clara For $237.8M
960 Central Expy,Santa Clara,Caliornia & 980 Central Expy,Santa Clara,Caliornia
$237,800,000
$159/SF
Building Size
747,424 SF
Asset Type
Industrial
Closing
Mar 7, 2023
About this deal
AI
Owens Cornings has sold two industrial properties in Santa Clara to Amazon.com Inc's founder, Jeff Bezos. The properties, located at 960 & 980 Central Expy, span a total of 41.05 acres in the Santa Clara market. The transaction took place on March 7, 2023.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $237,800,000
- Square Footage: 747,424 SF
- Price per Square Foot: $318
- Address: 960 & 980 Central Expy, Santa Clara
Amazon.com Inc's Jeff Bezos acted as the buyer in this deal, while Owens Cornings' representative, Todd Romain, represented the seller. This acquisition highlights Bezos' continued investment in industrial properties and expands Amazon's real estate portfolio.
On the Map
$237,800,000
$159/SF
Industrial
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Players
Santa Clara Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.07%
Cash-on-Cash
-0.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93