Updated Dec 4, 2024
Bridge Industrial Acquires Mixed-Use Property In San Jose From Becton Dickinson & Co. For $134M
2150 Commerce Drive, San Jose, CA, USA
$134,000,000
$352/SF
Building Size
380,510 SF
Asset Type
Mixed-use
Closing
Aug 12, 2021
About this deal
AI
Bridge Industrial has acquired a mixed-use property located at 2150 Commerce Drive and 2222 & 2350 Qume Drive in San Jose. The property spans a total of 380,510 square feet and was sold by Becton Dickinson & Co. The transaction took place on August 13, 2021, with a sale price of $134,000,000, resulting in a price per square foot of $352.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $134,000,000
- Square Footage: 380,510
- Address: 2150 Commerce Drive, 2222 & 2350 Qume Drive
- Market: San Jose
Steve Poulos was the representative for the buyer, Bridge Industrial, in this transaction.
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
0.12%
Cash-on-Cash
-0.03%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93