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4300 Stevens Creek Blvd, Sa...

Updated Oct 29, 2024

Machine Investment Acquires Office Property In San Jose For $54.5M
SOLDOffice

Machine Investment Acquires Office Property In San Jose For $54.5M

4300 Stevens Creek Blvd, San Jose, CA 95129, USA

$54,500,000

$311/SF

Building Size

174,986 SF

Asset Type

Office

Closing

Aug 13, 2020

About this deal

AI

4300 Stevens Creek Blvd, located in San Jose, was recently sold in a closed property transaction. The office property was acquired by Machine Investment for a price of $54,500,000. Spanning across 174,986 square feet, the sale translates to a price per square foot of $311.

Summary of transaction details

  • Property Type: Office
  • Transaction Amount: $54,500,000
  • Address: 4300 Stevens Creek Blvd
  • Market: San Jose
  • Buyer: Machine Investment – Andy Kwon & Eric Rosenthal, Miramar Capital Advisors
  • Square Footage: 174,986
  • Price Per Square Foot: $311

The acquisition of 4300 Stevens Creek Blvd was facilitated by Andy Kwon & Eric Rosenthal, representing Machine Investment and Miramar Capital Advisors. Their expertise in the transaction contributed to the successful completion of the deal.

Players

San Jose Office Market Snapshot

Boundary boundary · Office · Sale transactions

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Deal FAQ

About $311 per square foot on a published $54.5M for 174,986 square feet (2020).

Browse California office sales on Traded.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.29%

Cash-on-Cash

-0.08%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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