Updated Sep 9, 2026
Michael Feldman & Erik Foraker Of SFF Realty Partners Acquire Santa Clara Office For $44.25M
2390 Mission College Boulevard
$44,250,000
$288/SF
Building Size
153,549 SF
Asset Type
Office
Closing
Sep 2, 2026
About this deal
AI
The asset involved in the transaction is an office building located at 2390 Mission College Boulevard in Santa Clara, CA. The sale price was $44,250,000 for a total area of 153,549 square feet, translating to a price per square foot of $288. The property had an assessed value of approximately $103,000,000.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $44,250,000
- Buyer: Michael Feldman & Erik Foraker - SFF Realty Partners
- Seller: Seth Bernstein - AllianceBernstein
- Square Footage: 153,549
- Price Per Square Foot: $288
SFF Realty Partners acquired the property after it defaulted on a $72,000,000 loan from AllianceBernstein. An affiliate of AllianceBernstein foreclosed on this loan in May 2025, which led to the sale transaction completed in February 2026.
On the Map
$44,250,000
$288/SF
Office
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.36%
Cash-on-Cash
-0.10%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93