Updated Oct 29, 2024
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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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