Drawbridge Realty Management Acquires San Jose Office Campus For $128.2M
SOLD
$128,200,000
California
See Similar DealsOffice315,000 SF
Sold 07/11/2019
SOLD
Drawbridge Realty Management Acquires San Jose Office Campus For $128.2M
180 Rose Orchard Way
See Similar DealsOffice315,000 SF
Sold 07/11/2019
Summary
CALIFORNIA
Asset Type:Office
Price Per Square Foot:$407
Total Square Footage:315,000 SF
Transaction Type:Sale
The property asset involved in this closed transaction is an office campus located at 110, 120, 150, 170, and 180 Rose Orchard Way in San Jose. The campus spans a total square footage of 315,000 square feet and was sold for a price of $128,200,000, which translates to an average price per square foot of $406.
Summary of transaction details
- Property Type: Office campus
- Transaction Amount: $128,200,000
- Address: 110, 120, 150, 170, and 180 Rose Orchard Way, San Jose
- Market: San Jose
The seller of the property is John Boynton, representing Shorenstein, while the buyer is Drawbridge Realty Management. The deal involved the brokerage services of JLL, CBRE, and Cushman & Wakefield.
Players
SELLER
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$6,837,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$455,467.53
Cash-on-Cash Return-1.27%
Monthly Debt Service$607,733.40
Annual Debt Service$7,292,800.86
Is there something missing? Send suggestions
