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Los Angeles Way, Buena Park...

Square Mile Capital Management Provides $159.3M Loan For San Mateo Office Building At 3025 Clearview Way
FINANCEDOffice

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

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

Matthew Haden

Eastdil Secured

Broker

$1.3B

vol

3 deals

Broker
Square Mile Capital
Square Mile CapitalLender
Hines
HinesLandlord

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