Goldman Sachs Asset Management & TMG Partners Acquire Office Property At 350-380 Ellis Street For $362M From Ben Kochalski. KKR Provides Financing
FINANCED
$362,000,000
California
See Similar DealsOffice446,000 SF
Financed 07/16/2020
FINANCED
Goldman Sachs Asset Management & TMG Partners Acquire Office Property At 350-380 Ellis Street For $362M From Ben Kochalski. KKR Provides Financing
350 East Ellis Street, Long Beach, CA 90805, USA
See Similar DealsOffice446,000 SF
Financed 07/16/2020
Summary
CALIFORNIA
Asset Type:Office
Price Per Square Foot:$811
Total Square Footage:446,000 SF
Transaction Type:Loan
The office property located at 350-380 Ellis Street in Mountain View has undergone a recent transaction. The property spans a total of 446,000 square feet.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $362,000,000
- Address: 350-380 Ellis Street
- Market: Mountain View
The lender for this transaction was KKR. The landlord of the property is a collaboration between Goldman Sachs Asset Management and TMG Partners, represented by Ben Kochalski. Acting as the broker in this deal was Rob Rubano from Cushman & Wakefield.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$362,000,000.00
Monthly NOI$2,413,333.33
Monthly Debt Service$2,288,086.25
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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