Updated Dec 3, 2024
PGIM Real Estate Sells Santa Clara Office Building To Amazon Web Services For $100M
2305 Mission College Blvd, Santa Clara, CA, USA
$100,000,000
$279/SF
Building Size
358,000 SF
Asset Type
Office
Closing
Jan 8, 1920
About this deal
AI
2305 Mission College Blvd in Santa Clara has been sold in a recent transaction. The property is an office building with a total area of 358,000 square feet. The sale took place on January 9, 2020, with a selling price of $100,000,000. The price per square foot for this transaction is $279.32. The seller of the property is PGIM Real Estate, while the buyer is Amazon Web Services, a subsidiary of Amazon led by Jeff Bezos.
Summary of transation details
- Property Type: Office
- Transaction Amount: $100,000,000
- Address: 2305 Mission College Blvd, Santa Clara
- Market: Santa Clara
- Buyer: Amazon Web Services
- Seller: PGIM Real Estate
Jeff Bezos, the founder of Amazon, played a significant role in this transaction as well. This deal not only highlights the growing presence of Amazon in the real estate market, but also showcases the strategic expansion of Amazon Web Services in the office space sector. With this acquisition, Amazon continues to solidify its foothold in the tech hub of Santa Clara.
Santa Clara 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
0.16%
Cash-on-Cash
-0.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93