Shorenstein Acquires Office Property In North San Jose For $235M
6001 Center Drive, Los Angeles, CA 90045, USA
$235,000,000
$545/SF
Building Size
430,852 SF
Asset Type
Office
Closing
Aug 25, 2021
AI
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.
Los Angeles 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
0.07%
Cash-on-Cash
-0.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93