Updated Oct 28, 2024
DPR Construction Acquires Santa Clara Office Building For $49.4M
5201 Patrick Henry Drive, Santa Clara, California 95054, United States
$49,400,000
$329/SF
Building Size
150,000 SF
Asset Type
Office
Closing
Sep 18, 2022
About this deal
AI
An office property located at 5201 Patrick Henry Drive in Santa Clara has been sold for a total of $49,400,000. The property spans a total area of 150,000 square feet, resulting in a price per square foot of $329. The sale was concluded on September 19, 2022.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $49,400,000
- Address: 5201 Patrick Henry Drive
- Market: Santa Clara
- Buyer: DPR Construction - George Pfeffer
- Seller: W.F. Batton Management
- Brokers: Steve Horton & Kelly Yoder - Cushman & Wakefield; Kelly Givens & David Gordon - Savills
The buyer of the property is DPR Construction, represented by George Pfeffer. The seller in this transaction is W.F. Batton Management. The deal was facilitated by brokers Steve Horton and Kelly Yoder from Cushman & Wakefield, as well as Kelly Givens and David Gordon from Savills.
On the Map
$49,400,000
$329/SF
Office
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Players
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
0.32%
Cash-on-Cash
-0.09%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93