Updated Nov 28, 2024
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
$362,000,000
$811/SF
Building Size
446,000 SF
Asset Type
Office
Closing
Jul 16, 2020
About this deal
AI
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.
Players
Long Beach 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
0.04%
Cash-on-Cash
-0.01%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93