facebook
Traded Co logo
Submit

Drawbridge Realty Management Acquires San Jose Office Campus For $128.2M

Property Image
SOLD
$128,200,000

California

See Similar Deals
Office315,000 SF
Sold 07/11/2019
the dealdetailscomps
Property Image
SOLD

Drawbridge Realty Management Acquires San Jose Office Campus For $128.2M

180 Rose Orchard Way

See Similar Deals
Office315,000 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

SOLD
IMAGE: John Boynton DATE: 07/11/2019 ADDRESS: 110, 120, 150, 170 and 180 Rose Orchard Way MARKET: San Jose ASSET TYPE: Office campus PRICE: $128,200,000 SF: 315,000 PPSF: $406 SELLER: John Boynton - Shorenstein BUYER: Drawbridge Realty Management BROKERS: JLL, CBRE, Cushman & Wakefield

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
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