Updated Mar 17, 2025
George Mersho's Bridge Group Investments And Steerpoint Capital Acquire San Jose Office For $23.75M
303 Almaden Boulevard
$23,750,000
$142/SF
Building Size
166,361 SF
Asset Type
Office
Closing
Dec 13, 2023
About this deal
AI
The property involved in this transaction is an office located at 303 Almaden Boulevard in San Jose. The sale took place on 12/13/2023. The buyer of the property is George Mersho from Bridge Group Investments, along with Bo Okoroji, Jason Jaffe, and Jack Steger from Steerpoint Capital. The seller is AEW. The transaction advisors for this deal were Bo Okoroji, Jason Jaffe, and Jack Steger from Steerpoint Capital.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $23,750,000
- Square Footage: 166,361
- Price per Square Foot: $143
The buyer, George Mersho, represents Bridge Group Investments, while Bo Okoroji, Jason Jaffe, and Jack Steger represent Steerpoint Capital in this 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
0.67%
Cash-on-Cash
-0.19%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93