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301-401 Island Parkway, Bel...

Updated Oct 28, 2024

BioMed Realty Acquires Office Properties In Belmont & Redwood City For $160M
SOLDOffice

BioMed Realty Acquires Office Properties In Belmont & Redwood City For $160M

301-401 Island Parkway, Belmont, CA, USA

$160,000,000

$800/SF

Building Size

200,000 SF

Asset Type

Office

Closing

Oct 27, 2021

About this deal

AI

The property involved in this closed transaction is an office asset located at 301-401 Island Parkway & 501 Island Parkway in Belmont & Redwood City. It was sold on 10/27/2021.

Summary of transaction details

  • Property Type: Office
  • Sale Price: $160,000,000
  • Square Footage: 200,000
  • Price Per Square Foot: $800
  • Buyer: BioMed Realty - Tim Schoen

Tim Schoen, representing BioMed Realty, was the buyer in this transaction.

The office sale at 301-401 Island Parkway, Belmont, CA, USA in Belmont, California sold for $160M in 2021. The building is 200,000 square feet, implying about 800 per square foot on the published price. Named participants on the 301-401 Island Parkway, Belmont, CA, USA sale are Tim Schoen. This page is the Belmont, California file for the 301-401 Island Parkway, Belmont, CA, USA office sold: pricing, party profiles, and other closed office comps from the same Belmont sit in the Market section below. Filter that Belmont office set by closing date to see what else sold near 301-401 Island Parkway, Belmont, CA, USA around 2021. Published consideration for 301-401 Island Parkway, Belmont, CA, USA is $160M, dated 2021. Cite this BioMed Realty Acquires Office Properties In Belmont & Redwood City For $160M sale when underwriting similar office product around Belmont, California.

On the Map

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$160,000,000

$800/SF

Office

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Players

Tim Schoen

BioMed Realty

Buyer

$1.1B

vol

6 deals

Buyer
Bilt advertisement

Belmont Office Market Snapshot

Boundary boundary · Office · Sale transactions

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Deal FAQ

About $800 per square foot on a published $160M for 200,000 square feet (2021).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.10%

Cash-on-Cash

-0.03%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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