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684 West Maude Avenue, Sunn...

Harvest Properties & Invesco Secures $313.8M Loan For Silicon Valley Office Portfolio
FINANCEDOffice

Harvest Properties & Invesco Secures $313.8M Loan For Silicon Valley Office Portfolio

684 West Maude Avenue, Sunnyvale, CA, USA

$313,000,000

$18,807/SF

Building Size

16,642 SF

Asset Type

Office

Closing

May 7, 2019

AI

The property involved in this closed transaction is an office asset located in Silicon Valley. The address includes 684, 810-820, and 870 West Maude Ave, as well as 470 Portrero Ave. The market value of this property is undisclosed.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: $313.8M
  • Loan Terms: 5 years

The lender in this transaction is ACORE Capital. The landlord involved in the deal is Harvest Properties and Invesco. The brokerage firm HFF represented the parties in the deal, with Brandon Roth, Bruce Ganong, Peter Smyslowski, and Bercut Smith acting as the brokers.

Unfortunately, no additional details about the property or individuals involved in the transaction are available.

Players

Bercut Smith

JLL

Broker

$1.3B

vol

9 deals

Broker
Invesco Real Estate
Invesco Real EstateLender
Harvest Properties
Harvest PropertiesLandlord

Sunnyvale Office Market Snapshot

Boundary boundary · Office · Loan transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.05%

Cash-on-Cash

-0.01%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93