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180 Rose Orchard Way

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

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

180 Rose Orchard Way

$128,200,000

$407/SF

Building Size

315,000 SF

Asset Type

Office

Closing

Jul 11, 2019

AI

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

John Boynton

Shorenstein

Seller

$128.2M

vol

2 deals

Seller

San Jose Office Market Snapshot

Boundary boundary · Office · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.12%

Cash-on-Cash

-0.04%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93