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2610 Orchard Pkwy, San Jose...

Grosvenor Americas Acquires North San Jose Office Buildings For $108.5M
SOLDOffice

Grosvenor Americas Acquires North San Jose Office Buildings For $108.5M

2610 Orchard Pkwy, San Jose, CA, USA

$108,500,000

$496/SF

Building Size

218,645 SF

Asset Type

Office

Closing

Aug 27, 2021

AI

The office property located at 2610 & 2630 Orchard Pkwy. & 55 W. Trimble Road in North San Jose has been sold for a total price of $108,500,000. The property spans over an area of 218,645 square feet, resulting in a price per square foot of $496. The sale took place on August 27, 2021, with the buyer being Grosvenor Americas, represented by Steve O’Connell, and the seller being Gaw Capital Partners.

Summary of transaction details

  • Property Type: Office
  • Transaction Amount: $108,500,000
  • Square Footage: 218,645
  • Price per Square Foot: $496
  • Date: August 27, 2021
  • Buyer: Grosvenor Americas - Steve O’Connell
  • Seller: Gaw Capital Partners
  • Market: North San Jose

This transaction was facilitated by Steve O’Connell of Grosvenor Americas, who represented the buyer. Gaw Capital Partners acted as the seller in this deal.

Players

GA
Grosvenor AmericasBuyer
GP
GAW Capital PartnersSeller

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

0.15%

Cash-on-Cash

-0.04%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93