W.F Batton Management Co. Acquires San Jose Office For $41.5M
SOLD
California
See Similar DealsOffice96 SF
Sold 12/13/2022
SOLD
W.F Batton Management Co. Acquires San Jose Office For $41.5M
2580 Orchard Parkway, San Jose, California 95131, United States
See Similar DealsOffice96 SF
Sold 12/13/2022
Summary
CALIFORNIA
Asset Type:Office
Price Per Square Foot:$432,291
Total Square Footage:96 SF
Transaction Type:Sale
The office property located at 2580 & 2590 Orchard Parkway in San Jose has been sold for a total of $41,500,000. The transaction took place on December 13, 2022. The property spans across 96,000 square feet, resulting in a price per square foot of $432.
Summary of transation details
- Property Type: Office
- Transaction Amount: $41,500,000
- Address: 2580 & 2590 Orchard Parkway, San Jose
- Market: San Jose
- Buyer: W.F Batton Management Co.
- Seller: TA Realty - Scott W. Amling & Marcus Berry
- Image: Scott W. Amling & Marcus Berry
- Date: 12/13/2022
- Square Footage: 96,000
- Price per Square Foot: $432
The buyer of the property is W.F Batton Management Co., while the seller is TA Realty represented by Scott W. Amling & Marcus Berry.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$2,213,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$147,440.74
Cash-on-Cash Return-1.27%
Monthly Debt Service$196,731.17
Annual Debt Service$2,360,774.07
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