facebook
Traded Co logo
Submit

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

Property Image
SOLD
$160,000,000

California

See Similar Deals
Office200,000 SF
Sold 10/27/2021
the dealplayerscompscontact
Property Image
SOLD

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

301-401 Island Parkway, Belmont, CA, USA

See Similar Deals
Office200,000 SF
Sold 10/27/2021
the dealplayerscompscontact
Contact now

Summary

CALIFORNIA
Asset Type:Office
Price Per Square Foot:$800
Total Square Footage:200,000 SF
Transaction Type:Sale

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.

Players

Tim Schoen
Tim Schoen
4 deals$745M volume
BUYER

Details

SOLD
IMAGE: Tim Schoen DATE: 10/27/2021 ADDRESS: 301-401 Island Parkway & 501 Island Parkway MARKET: Belmont & Redwood City ASSET TYPE: Office BUYER: BioMed Realty - Tim Schoen SALE PRICE: $160,000,000 SF: 200,000 ~ PPSF: $800

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$8,533,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$568,446.22
Cash-on-Cash Return-1.27%
Monthly Debt Service$758,481.63
Annual Debt Service$9,101,779.54