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780 Montague Expressway

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

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

780 Montague Expressway

$30,000,000

$315/SF

Building Size

95,000 SF

Asset Type

Mixed-use

Closing

Dec 15, 2025

AI

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.

Players

Albert Rabil

Kayne Anderson Real Estate

Buyer

$2.2B

vol

14 deals

Buyer

Peter F. Bechen

PacTrust

Seller

$30M

vol

1 deal

Seller
PacTrust
PacTrustSeller

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

0.53%

Cash-on-Cash

-0.15%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93