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:
- Property Type: Office
- Transaction Amount: Not disclosed
- Address: 3315 Scott Boulevard
- Market: Santa Clara, CA
- Landlord: James F. Ellis & Melinda Ellis Evers - Ellis Partners; Seth Klarman - Baupost Group
- Tenant: Andrew Rubin - Illumio
- Landlord's Representative: Joe Kelly, Mike Saign & Skylar Smith - Newmark
- Tenant's Representative: Bart Lammersen, Joe Long & Gabe Brown - JLL
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
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