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

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SOLD
$97,000,000

California

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Office
Sold 11/17/2025
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Property Image
SOLD

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

4650 Old Ironsides Drive

See Similar Deals
Office
Sold 11/17/2025
the dealplayerscompscontact
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Summary

CALIFORNIA
Asset Type:Office
Transaction Type:Sale

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.

Players

Brookfield Properties
Brookfield Properties
BUYER
RH
Rick Holmstrom
3 deals$228.5M volume
SELLER
ME
Menlo Equities
SELLER

Details

SOLD
IMAGE: Sam Pollock & Rick Holmstrom DATE: 11/17/2025 ADDRESS: 4650 & 4700 Old Ironsides Drive MARKET: Santa Clara ASSET TYPE: Office BUYER: Sam Pollock - Brookfield Infrastructure Partners SELLER: Rick Holmstrom - Menlo Equities SALE PRICE: $97,000,000 NOTE: Brookfield Infrastructure Partners acquired 4650 and 4700 Old Ironsides Drive in Santa Clara for a combined $97 million from Menlo Equities, taking ownership of the land underlying two former Cyxtera data centers. The purchase follows Brookfield’s 2024 $775 million acquisition of Cyxtera’s assets and its merger with Evoque, forming the new data center company Centersquare.

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

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Cash Flow (Annual)-$344,620.53
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