Updated Dec 4, 2024
BentallGreenOak & Graymark Capital Acquire Office Property In San Carlos For $190M
120 Industrial Road, San Carlos, California 94070, United States
$190,000,000
$826/SF
Building Size
230,000 SF
Asset Type
Office
Closing
Feb 8, 2022
About this deal
AI
The recently closed transaction in San Carlos involved the sale of an office property located at 120-150 Industrial Road. The property spans 230,000 square feet and is situated in the San Carlos market. The sale was finalized on 02/09/2022.
Summary of transation details:
- Property Type: Office
- Transaction Amount: $190,000,000
- Address: 120-150 Industrial Road
- Market: San Carlos
BentallGreenOak and Graymark Capital acted as the buyers in this transaction. They acquired the property from Nuveen and Graymark Capital. The transaction price was $190,000,000, resulting in a price per square foot of $826.
Players
San Carlos 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
0.08%
Cash-on-Cash
-0.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93