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3315 Scott Boulevard

James F. Ellis And Melinda Ellis Evers Lease 120,000 Square Feet Office To Illumio In Santa Clara
LEASEDOffice

James F. Ellis And Melinda Ellis Evers Lease 120,000 Square Feet Office To Illumio In Santa Clara

3315 Scott Boulevard

Building Size

120,000 SF

Asset Type

Office

Closing

May 13, 2026

AI

The asset involved in this transaction is an office property located at 3315 Scott Boulevard in Santa Clara, CA. The property encompasses a total square footage of 120,000. The market for this asset falls within the Santa Clara area.

Summary of transaction details:

The transaction involves key individuals such as James F. Ellis, Melinda Ellis Evers, Seth Klarman as the landlords, and Andrew Rubin representing Illumio as the tenant. The deal also includes brokers Joe Kelly, Mike Saign, and Skylar Smith representing the landlords through Newmark, while JLL's representatives, Bart Lammersen, Joe Long, and Gabe Brown, represent the tenant.

Players

Bart Lammersen

JLL

Broker

$104M

vol

3 deals

Broker
I
IllumioBuyer

Melinda Ellis Evers

Ellis Partners

Landlord

$669.7M

vol

6 deals

Landlord

Andrew Rubin

Illumio

Tenant

1 deal

Tenant

Vista Office Market Snapshot

Boundary boundary · Office · Lease transactions

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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