Updated Oct 28, 2024
AMG & Associates Acquire 2.3 Acre Development Site On Monterey Road In San Jose For $5M
4310 Monterey Road, San Jose, California 95111, United States
$5,000,000
Building Size
—
Asset Type
Development Site
Closing
Mar 15, 2022
About this deal
AI
AMG & Associates has acquired a development site in San Jose. The property, located at 4310 Monterey Road, spans 2.3 acres. The transaction took place on March 16, 2022, with a sale price of $5,000,000. The deal was facilitated by Albert Giacomazzi & Anthony Traverso, who represented the buyer.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $5,000,000
- Address: 4310 Monterey Road
- Market: San Jose
- Buyer: AMG & Associates
Albert Giacomazzi & Anthony Traverso, acting as representatives for AMG & Associates, played a crucial role in successfully completing the transaction for the development site at 4310 Monterey Road in San Jose.
Players
San Jose Development Site Market Snapshot
Boundary boundary · Development Site · Sale transactions
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Deal FAQ
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.17%
Cash-on-Cash
-0.91%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93