Updated Nov 2, 2026
Erik Foraker Of SFF Realty Partners Acquires Office Tower From William R. Lindsay For $40.5M
2350 Mission College Boulevard
$40,500,000
$173/SF
Building Size
234,000 SF
Asset Type
Office
Closing
Oct 28, 2026
About this deal
AI
SFF Realty Partners has acquired a 234,000-square-foot office tower located at 2350 Mission College Boulevard in Santa Clara, California. The transaction was completed at a sale price of $40.5 million, representing a price per square foot of $173. This 13-story office asset contributes to SFF's extensive acquisition activities, which have surpassed $240 million since July.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $40,500,000
- Buyer: Erik Foraker - SFF Realty Partners
- Seller: William R. Lindsay - PCCP
- Square Footage: 234,000
- Address: 2350 Mission College Boulevard
- Market: Santa Clara, CA
Erik Foraker represented SFF Realty Partners in the transaction, while William R. Lindsay represented PCCP. This acquisition aligns with SFF’s strategy to consolidate properties in proximity, having purchased a neighboring tower just weeks prior to this transaction.
On the Map
$40,500,000
$173/SF
Office
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Players
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Boundary boundary · Office · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.39%
Cash-on-Cash
-0.11%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93