Wells Fargo Provides $31M Loan For Office Property Acquisition In San Jose
FINANCED
$31,000,000
California
See Similar DealsOffice96,502 SF
Financed 05/01/2021
FINANCED
Wells Fargo Provides $31M Loan For Office Property Acquisition In San Jose
350 Holger Way
See Similar DealsOffice96,502 SF
Financed 05/01/2021
Summary
CALIFORNIA
Asset Type:Office
Price Per Square Foot:$321
Total Square Footage:96,502 SF
Transaction Type:Loan
An office property located at 350 Holger Way in San Jose has been involved in a closed transaction. The deal, which took place on January 5, 2021, was facilitated by Wells Fargo, who provided a loan of $31 million. The property, owned by Thor Equities, spans an area of 96,502 square feet.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $31 million
- Address: 350 Holger Way
- Market: San Jose
- Lender: Wells Fargo
- Landlord: Thor Equities
The property transaction was overseen by CBRE, with Robert E. Sulentic representing the agency. The ten-year deal showcases the successful collaboration between these key individuals and companies.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$31,000,000.00
Monthly NOI$206,666.67
Monthly Debt Service$195,941.09
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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