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200 Holger Way, San Jose, C...

EXAN Group Acquires Office Building In San Jose For $95.2M
SOLDOffice

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

Scott Rose

Broker

$98.4M

vol

4 deals

Broker
Juan Jose Zaragoza

Juan Jose Zaragoza

Azora Exan

Buyer

$245.7M

vol

5 deals

Buyer
K
KBSSeller
K
KBSSeller

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