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
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