Albert Rabil Of Kayne Anderson Acquires Mixed-Use Property In San Jose For $30M

The asset involved in the transaction is a mixed-use property located at 780 Montague Expressway in San Jose. The property spans 95,000 square feet and consists of seven buildings, boasting a sale price of $30,000,000, which translates to approximately $316 per square foot. The property was built in 1980 and currently has an occupancy rate of 91%, maintaining over 90% occupancy for the past decade.

Summary of transaction details:

• Property Type: Mixed-use
• Transaction Amount: $30,000,000
• Square Footage: 95,000
• Address: 780 Montague Expressway
• Market: San Jose
• Buyer: Albert Rabil - Kayne Anderson
• Seller: Peter F. Bechen - PacTrust (Pacific Realty Associates)

This transaction highlights the involvement of Albert Rabil representing Kayne Anderson as the buyer, while Peter F. Bechen represented PacTrust (Pacific Realty Associates) as the seller. The property was previously acquired by Pacific Realty Associates in 2012 for $5.7 million.