Updated Nov 27, 2024
Blackstone Acquires Mixed-Use Property On Coleman Ave For $275M
1125 Coleman Ave, San Jose, CA 95110, USA
$275,000,000
$27,447/SF
Building Size
10,019 SF
Asset Type
Mixed-use
Closing
Oct 14, 2020
About this deal
AI
The mixed-use property located at 1125 Coleman Ave in the Coleman Highline market has been sold for a price of $275,000,000. The property, which includes various types of buildings and spaces, offers a diverse range of uses.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $275,000,000
- Address: 1125 Coleman Ave
- Market: Coleman Highline
The buyer of the property was Blackstone, a prominent investment firm. The transaction was facilitated by brokers Mike Charters, Jeff Houston, and Mike Benevento from CBRE. Their expertise and negotiation skills played a crucial role in the successful completion of the deal.
Players
San Jose Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.06%
Cash-on-Cash
-0.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93