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Vantage Data Centers Secures $350M Loan From Societe Generale For Santa Clara Office Property

Property Image
FINANCED
$350,000,000

California

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Office114 SF
Financed 11/23/2022
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Property Image
FINANCED

Vantage Data Centers Secures $350M Loan From Societe Generale For Santa Clara Office Property

2590 Walsh Avenue, Santa Clara, California 95051, United States

See Similar Deals
Office114 SF
Financed 11/23/2022

Summary

CALIFORNIA
Asset Type:Office
Price Per Square Foot:$3,070,175
Total Square Footage:114 SF
Transaction Type:Loan

Located at 2590 Walsh Avenue in Santa Clara, CA, this office property spans 114,000 square feet and sits on a 7-acre lot. The property is owned by Vantage Data Centers, represented by Sureel Choksi, and is classified as an office asset.

Summary of transaction details

  • Property Type: Office
  • Transaction Amount: $350,000,000
  • Address: 2590 Walsh Avenue, Santa Clara, CA
  • Market: Santa Clara, CA
  • Asset Size: 114,000 SF
  • Lot Size: 7 acres

The loan for this property was provided by Societe Generale, with Frederic Oudea acting as the representative for the lender. The total loan amount is $350,000,000.

Vantage Data Centers, represented by Sureel Choksi, serves as the landlord for this property.

Details

FINANCED
IMAGE: Frederic Oudea & Sureel Choksi DATE: 11/23/2022 ADDRESS: 2590 Walsh Avenue MARKET: Santa Clara, CA ASSET TYPE: Office ~ SF: 114,000 ~ ACRES: 7 LENDER: Societe Generale (@SocieteGenerale) - Frederic Oudea (@GeneraleSociete33) LANDLORD: Vantage Data Centers (@VantageDCPeople) - Sureel Choksi (@SureelChoksi) LOAN AMOUNT: $350,000,000

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$350,000,000.00

Monthly NOI$2,333,333.33
Monthly Debt Service$2,212,238.08
Change in Cash Flow$0.00
Refinance Proceeds$0.00