Vantage Data Centers Secures $350M Loan From Societe Generale For Santa Clara Office Property
2590 Walsh Avenue, Santa Clara, California 95051, United States
$350,000,000
$3,070,175/SF
Building Size
114 SF
Asset Type
Office
Closing
Nov 23, 2022
AI
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.
Players
Santa Clara Office Market Snapshot
Boundary boundary · Office · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.05%
Cash-on-Cash
-0.01%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93