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The Grad in Downtown San Jose sells for $204.8M, doubling per-room norms
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According to Hoodline: The Grad, a prominent property in Downtown San Jose, has been sold for $204.8 million. The sale was facilitated by Brookfield and Coastal Ridge Real Estate, who acquired the property.
The sale price translates to approximately $787,500 per room, which is more than double the South Bay's typical per-room average. This significant price tag underscores the high value placed on the property.
The sale price exceeds the property's assessed value of $193.5 million from January by 5.8 percent. This transaction highlights the robust real estate market in the area.
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