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
Sunnyvale 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
0.05%
Cash-on-Cash
-0.01%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93