Updated Oct 28, 2024
Del Grande Dealership Group Acquires Land In San Jose For $6M
909 Capitol Expressway Auto Mall, San Jose, California 95136, United States
$6,000,000
Building Size
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Asset Type
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Closing
Aug 23, 2022
About this deal
AI
The Del Grande Dealership Group has acquired a 2.3-acre land located at 909 Capitol Expressway Auto Mall in San Jose, CA. The transaction took place on 08/24/2022, with a sale price of $6,000,000. The property, owned by Kleinman Holdings, was sold to Del Grande Dealership Group in this deal.
Summary of transation details
- Property Type: Land
- Transaction Amount: $6,000,000
- Address: 909 Capitol Expressway Auto Mall, San Jose, CA
- Market: San Jose, CA
- Buyer: Del Grande Dealership Group - Jeremy Beaver
- Seller: Kleinman Holdings
- Broker: Miki Correa - Cushman & Wakefield
The Del Grande Dealership Group, represented by Jeremy Beaver, successfully completed the acquisition of this 2.3-acre land from Kleinman Holdings. The deal was facilitated by broker Miki Correa from Cushman & Wakefield.
Players
San Jose CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.64%
Cash-on-Cash
-0.76%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93