Updated Dec 21, 2023
Cortese Properties & La Fiesta Square Acquires San Jose Office For $103.8M
1710 Automation Parkway, San Jose, California 95131, United States
$103,800,000
$528/SF
Building Size
196,600 SF
Asset Type
Office
Closing
May 5, 2022
About this deal
AI
The office property located at 1710 Automation Parkway in San Jose has been sold in a recent transaction. The property spans a total area of 196,600 square feet and was sold for a price of $103,800,000, resulting in an average price per square foot of $527.
Summary of transation details
- Property Type: Office
- Transaction Amount: $103,800,000
- Square Footage: 196,600
- Address: 1710 Automation Parkway, San Jose
- Market: San Jose
The buyer of the property is Cortese Properties & La Fiesta Square, represented by Stephen Cortese and Ann Cortese. The transaction was facilitated by CBRE.
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
0.15%
Cash-on-Cash
-0.04%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93