Updated Jan 14, 2026
Mary Fedewa Of Store Capital Acquires BASIS Independent Silicon Valley School In San Jose For $62.5M
1290 Parkmoor Avenue
$62,500,000
$775/SF
Building Size
80,600 SF
Asset Type
School
Closing
Jan 9, 2026
About this deal
AI
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.
On the Map
$62,500,000
$775/SF
School
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San Jose School Market Snapshot
Boundary boundary · School · Sale transactions
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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