The transaction involved the sale of the BASIS Independent Silicon Valley campus located at 1290 Parkmoor Avenue in San Jose. The property is characterized as a school asset with a total square footage of 80,600 and was sold for $62,500,000, translating to approximately $775 per square foot. The campus is situated on a 3-acre site.

Summary of transaction details:

• Property Type: School
• Transaction Amount: $62,500,000
• Address: 1290 Parkmoor Avenue
• Market: San Jose
• Square Footage: 80,600
• Price per Square Foot: $775
• Buyer: Mary Fedewa - Store Capital

Store Capital, a net-lease REIT, acquired the property, providing liquidity for Spring Education Group while enabling the STEM-focused school to continue its operations on the campus.