Updated Sep 30, 2026
Ashley Powell Of Property Reserve Acquires Mixed-Use Asset In Mountain View For $296.7M
565 San Antonio Road
$296,700,000
Units
330
Asset Type
Mixed-use
Closing
Sep 29, 2026
About this deal
AI
The mixed-use asset located at 545, 555 & 565 San Antonio Road in Mountain View, CA, was sold for $296,700,000. The property encompasses 330 apartment units along with 43,000 square feet of ground-floor retail space. It is part of The Village at San Antonio Center, which is currently home to tenants such as Starbucks and Pacific Catch.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $296,700,000
- Units: 330
- Price per Unit: $899,091
- Buyer: Ashley Powell - Property Reserve
- Seller: Lowell Baron - Brookfield Properties
This transaction involved Ashley Powell, who represented Property Reserve, an affiliate managing real estate investments for The Church of Jesus Christ of Latter-day Saints. Lowell Baron represented Brookfield Properties in the sale of this significant asset.
On the Map
$296,700,000
Mixed-use
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Players
San Antonio 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
0.05%
Cash-on-Cash
-0.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93