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300 Holger Way, San Jose, C...

KBS Real Estate Investment II Sells 4.8 Acres Office In San Jose For $35M
SOLDOffice

KBS Real Estate Investment II Sells 4.8 Acres Office In San Jose For $35M

300 Holger Way, San Jose, CA, USA

$35,000,000

$351/SF

Building Size

99,552 SF

Asset Type

Office

Closing

Nov 30, 2021

AI

A 4.8-acre office property located at 300 Holger Way in San Jose has been sold for a total of $35,000,000. The property, totaling 99,552 square feet, was acquired by KBS Real Estate Investment II. The sale price translates to approximately $351 per square foot.

Summary of Transaction Details

  • Property Type: Office
  • Transaction Amount: $35,000,000
  • Address: 300 Holger Way, San Jose
  • Market: San Jose
  • Acreage: 4.8 acres

The transaction involved multiple brokers representing KBS Real Estate Investment II. Joseph Moriarty, Scott Prosser, Jack Depuy, Brad Zampa, and Mike Walker from CBRE facilitated the deal. Their expertise contributed to the successful completion of the transaction.

Players

Jack DePuy

CBRE

Broker

$407.8M

vol

9 deals

Broker

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

0.45%

Cash-on-Cash

-0.13%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93