Updated Oct 29, 2024
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
About this deal
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.
On the Map
$128,200,000
$407/SF
Office
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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
0.12%
Cash-on-Cash
-0.04%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93