Updated Oct 28, 2024
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
About this deal
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.
On the Map
$108,500,000
$496/SF
Office
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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