Updated Sep 3, 2026
Thor Equities Acquires Office Property In San Jose For $50.5M From Seller KBS Real Estate Investment Trust
350 Holger Way, San Jose, CA, USA
$50,500,000
$523/SF
Building Size
96,502 SF
Asset Type
Office
Closing
Dec 23, 2020
About this deal
AI
Thor Equities has acquired an office property located at 350 Holger Way in San Jose. The transaction was completed on December 24, 2020, with a sale price of $50,500,000. The property spans 96,502 square feet, resulting in a price per square foot of $523. The seller, KBS Real Estate Investment Trust, enlisted the services of CBRE brokers Russell Ingrum, Jack DePuy, Joseph Moriarty, Scott Prosse, Megan Woodring, and Brad Zampa for this transaction.
Summary of Transaction Details
- Property Type: Office
- Transaction Amount: $50,500,000
- Address: 350 Holger Way, San Jose
- Market: San Jose
- Buyer: Thor Equities
- Seller: KBS Real Estate Investment Trust
- Brokers: Russell Ingrum, Jack DePuy, Joseph Moriarty, Scott Prosse, Megan Woodring, and Brad Zampa - CBRE
- Square Footage: 96,502
- Price per Square Foot: $523
The involvement of CBRE brokers was instrumental in facilitating the deal between Thor Equities and KBS Real Estate Investment Trust. This successful transaction further strengthens the position of Thor Equities in the San Jose market.
On the Map
$50,500,000
$523/SF
Office
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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
0.31%
Cash-on-Cash
-0.09%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93