Updated Nov 28, 2024
Square Mile Capital Management Provides $159.3M Loan For San Mateo Office Building At 3025 Clearview Way
Los Angeles Way, Buena Park, CA, USA
$159,300,000
$419/SF
Building Size
380,000 SF
Asset Type
Office
Closing
Jul 9, 2020
About this deal
AI
The office property located at 3025 Clearview Way in San Mateo has been involved in a recent transaction. The transaction took place on 07/09/2021 and involved a loan. The property is owned by Hines and represented by Cameron Falconer. The lender for this transaction is Square Mile Capital Management, with Eric Cohen as the representative. Matt Haden of Eastdil Secured acted as the broker in the deal. The property spans a total area of 380,000 square feet.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $159,300,000
- Address: 3025 Clearview Way, San Mateo
- Market: San Mateo
Eric Cohen, representing Square Mile Capital Management, provided the loan for this transaction. Cameron Falconer, representing Hines, was the landlord in the deal. The broker, Matt Haden from Eastdil Secured, played a key role in facilitating the transaction.
Players
Buena Park 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
0.10%
Cash-on-Cash
-0.03%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93