W.F Batton Management Co. Acquires San Jose Office For $41.5M
2580 Orchard Parkway, San Jose, California 95131, United States
$41,500,000
$432,291/SF
Building Size
96 SF
Asset Type
Office
Closing
Dec 13, 2022
AI
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.
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
0.38%
Cash-on-Cash
-0.11%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93