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4650 Old Ironsides Drive

Updated Nov 21, 2025

Brookfield Infrastructure Partners Acquires Office Assets In Santa Clara From Menlo Equities For $97M
SOLDOffice

Brookfield Infrastructure Partners Acquires Office Assets In Santa Clara From Menlo Equities For $97M

4650 Old Ironsides Drive

$97,000,000

Building Size

—

Asset Type

Office

Closing

Nov 17, 2025

About this deal

AI

The property asset involved in the transaction includes two office buildings located at 4650 and 4700 Old Ironsides Drive in Santa Clara. The sale was finalized at a transaction amount of $97 million. These properties were previously occupied by former Cyxtera data centers.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: $97,000,000
  • Buyer: Sam Pollock - Brookfield Infrastructure Partners
  • Seller: Rick Holmstrom - Menlo Equities
  • Market: Santa Clara

This transaction marks a significant acquisition for Brookfield Infrastructure Partners, who had previously acquired Cyxtera's assets in 2024 for $775 million. The deal involved the underlying land of the former data centers, which aligns with Brookfield’s strategy following their merger with Evoque to form the new data center company Centersquare.

On the Map

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$97,000,000

Office

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Players

Brookfield Properties
Brookfield PropertiesBuyer

Rick Holmstrom

Menlo Equities

Seller

$228.5M

vol

4 deals

Seller
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Santa Clara 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

0.16%

Cash-on-Cash

-0.05%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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