Roger Fields Of Peninsula Land & Capital Acquires Office Complex From Victor Coleman For $25M
2005 Gateway Place
$25,000,000
$164/SF
Building Size
152,300 SF
Asset Type
Office
Closing
Jul 2, 2026
AI
The office complex located at 2001 and 2005 Gateway Place encompasses a total area of 152,300 square feet. It was sold for a transaction amount of $25 million in the San Jose, CA market, translating to a price per square foot of $164. This sale marks a significant reduction from its assessed value of $45.6 million in January.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $25,000,000
- Square Footage: 152,300
- Price per Square Foot: $164
- Buyer: Roger Fields - Peninsula Land & Capital
- Seller: Victor Coleman - Hudson Pacific Properties
- Date of Sale: 07/02/2026
This acquisition represents an important addition to Peninsula Land & Capital's portfolio in Silicon Valley. The firm's recent investment strategy has been focused on acquiring discounted assets in the Bay Area, highlighting a tactical approach to office real estate investments.
Players
San Jose 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
0.63%
Cash-on-Cash
-0.18%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93