Updated Aug 13, 2026
Lane Partners Sells Office Asset At 488 Almaden Blvd In San Jose For $63.7M
488 Almaden Blvd.
$63,700,000
Units
390,032
Asset Type
Office
Closing
Jul 22, 2025
About this deal
AI
The property involved in this transaction is located at 488 Almaden Blvd., San Jose, CA, and consists of office space with a total of 390,032 square feet. The transaction was completed for a price of $63,700,000.00.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $63,700,000.00
- Seller: Lane Partners
- Market: San Jose, CA
- Date of Sale: 07/22/2025
Lane Partners acted as the seller in this transaction, representing their interest in the sale of the property located at 488 Almaden Blvd.
On the Map
$63,700,000
Office
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.25%
Cash-on-Cash
-0.07%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93