Updated Sep 24, 2025
LEASEDOffice
Itron Signs Long-Term Lease For 56258 SF Office Space At 3005 West Tasman Drive
3005 West Tasman Drive
Building Size
56,258 SF
Asset Type
Office
Closing
Sep 22, 2025
About this deal
AI
The property asset involved in the transaction is located at 3005 West Tasman Drive in Santa Clara. This office space has a total area of 56,258 square feet and is part of The Quad at Tasman campus.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not specified
- Address: 3005 West Tasman Drive
- Market: Santa Clara
- Tenant: Tom Deitrich - Itron
- Broker: Cushman & Wakefield
Itron has signed a long-term lease for the property, with Cushman & Wakefield facilitating the arrangement of the deal.
Players
Santa Clara Office Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93