Updated Oct 28, 2024
Highbridge Equity Partners Refinances Oakland Office Portfolio For $111M Loan
409 13th Street, Oakland, California 94612, United States
$111,000,000
$370/SF
Building Size
300,000 SF
Asset Type
Office
Closing
Jan 27, 2022
About this deal
AI
Highbridge Equity Partners recently completed a refinance loan for an office property in Oakland. The property, located at 409 13th Street, 1500 Broadway, and 405 14th St., spans a total of 300,000 square feet. The loan amount for this transaction was $111,000,000, and it was a 5-year, floating rate loan.
Summary of transation details:
- Property Type: Office
- Transaction Amount: $111,000,000
- Address: 409 13th Street, 1500 Broadway, 405 14th St.
- Market: Oakland
- Loan Type: Refinance Loan
- Loan Terms: 5-year, floating rate
The financing for this transaction was facilitated by Brad Zampa & Mike Walker from CBRE Capital Markets, who represented the borrower. The deal was successfully executed by Highbridge Equity Partners, the landlord involved in the transaction.
On the Map
$111,000,000
$370/SF
Office
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Players
Oakland 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
0.14%
Cash-on-Cash
-0.04%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93