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
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