Updated Oct 12, 2026
Clyde Holland Of Holland Partner Group Acquires Multifamily Community In San Jose For $105.3M
1432 West San Carlos Street
$105,300,000
Units
218
Asset Type
MultiFamily
Closing
Jun 27, 2026
About this deal
AI
The multifamily asset involved in this transaction is Meridian at Midtown, a 218-unit apartment community located at 1432 West San Carlos Street in San Jose, California. The property was acquired for $105.3 million, equating to over $483,000 per unit. Constructed in 2015, it features 14,000 square feet of ground-floor retail space.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $105,300,000
- Units: 218
- PPU: $483,028
- Buyer: Clyde Holland - Holland Partner Group
- Seller: Essex Property Trust
Clyde Holland, representing Holland Partner Group, was the buyer in this transaction, acquiring the property from Essex Property Trust. This transaction reflects a noteworthy addition to Holland Partner Group's portfolio in the multifamily housing market.
On the Map
$105,300,000
MultiFamily
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Players
San Carlos MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.15%
Cash-on-Cash
-0.04%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93