Updated Oct 29, 2024
Blackstone Mortgage Trust Provides $102M Loan For Office Building In Mountain View, CA
515 North Whisman Road, Mountain View, CA, USA
$102,000,000
$680/SF
Building Size
149,887 SF
Asset Type
Office
Closing
Apr 7, 2021
About this deal
AI
A loan of $102,000,000 was secured for an office property located at 515 & 545 North Whisman Road in Mountain View. The property spans across 149,887 square feet.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $102,000,000
- Address: 515 & 545 North Whisman Road
- Market: Mountain View
The loan was provided by blackstone''>Blackstone Mortgage Trust. The landlords of the property are SteelWave and Angelo Gordon. The brokers representing the deal were Rob Rubano and Keith Padien from Cushman & Wakefield.
Players
Mountain View 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
0.16%
Cash-on-Cash
-0.04%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93