EXAN Group Acquires Office Building In San Jose For $95.2M
200 Holger Way, San Jose, CA, USA
$95,200,000
$667/SF
Building Size
142,710 SF
Asset Type
Office
Closing
Jun 28, 2020
AI
The recently closed property transaction in San Jose involved the sale of an office asset located at 100 Headquarters Drive & 200 Holger Way. The property spans across 142,710 square feet and was sold for a price of $95,200,000, indicating a price per square foot of $667.
Summary of transation details
- Property Type: Office
- Transaction Amount: $95,200,000
- Address: 100 Headquarters Drive & 200 Holger Way, San Jose
- Market: San Jose
- Total Square Footage: 142,710
- Price per Square Foot: $667
The buyer in this transaction was EXAN Group, represented by Juan Jose Zaragoza. On the other hand, KBS acted as the seller, with Rodney Richerson and Brent Carroll overseeing the deal. The brokers involved in the transaction include Joe Moriarty, Scott Prosser, Jack DePuy, Russell Ingrum, Brad Zampa, and Mike Walker from CBRE, as well as Bruce Fischer, Howard Chu, Chrisdo Fan, and Amanda Kennedy from Greenberg Traurig LLP.
Players
San Jose Office Market Snapshot
Boundary boundary · Office · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.17%
Cash-on-Cash
-0.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93