Shorenstein Acquires Office Property In North San Jose For $235M
SOLD
$235,000,000
California
See Similar DealsOffice430,852 SF
Sold 08/25/2021
SOLD
Shorenstein Acquires Office Property In North San Jose For $235M
6001 Center Drive, Los Angeles, CA 90045, USA
See Similar DealsOffice430,852 SF
Sold 08/25/2021
Summary
CALIFORNIA
Asset Type:Office
Price Per Square Foot:$545
Total Square Footage:430,852 SF
Transaction Type:Sale
An office property located at 6001 & 6201 America Center Drive in North San Jose has been sold for a total of $235,000,000. The property spans a total of 430,852 square feet, resulting in a price per square foot of $545.
Summary of transation details
- Property Type: Office
- Transaction Amount: $235,000,000
- Market: North San Jose
- Address: 6001 & 6201 America Center Drive
- Square Footage: 430,852
- Price Per Square Foot: $545
The buyer in this transaction is Brandon Shorenstein, representing Shorenstein. There are no additional details available about the deal or the involved parties.
Players
BUYER
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$12,533,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$834,905.37
Cash-on-Cash Return-1.27%
Monthly Debt Service$1,114,019.89
Annual Debt Service$13,368,238.70
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