Second Harvest Of Silicon Valley Acquires Development Site In Alviso For $37.2M
SOLD
$37,200,000
California
See Similar DealsDevelopment Site
Sold 05/05/2022
SOLD
Second Harvest Of Silicon Valley Acquires Development Site In Alviso For $37.2M
4553 North 1st Street, San Jose, California 95134, United States
See Similar DealsDevelopment Site
Sold 05/05/2022
Summary
CALIFORNIA
Asset Type:Development Site
Transaction Type:Sale
The development site located at 4553 & 4653 N. First St. in Alviso has been sold for $37,200,000. The property spans over 10.5 acres and was purchased by Second Harvest of Silicon Valley, represented by Leslie Bacho. The seller of the site was South Bay Development.
Summary of transation details
- Property Type: Development Site
- Transaction Amount: $37,200,000
- Address: 4553 & 4653 N. First St.
- Market: Alviso
- Buyer: Second Harvest of Silicon Valley - Leslie Bacho
- Seller: South Bay Development
- Acres: 10.5
Leslie Bacho of Second Harvest of Silicon Valley acted as the buyer's representative in this deal. The transaction took place on May 5, 2022, and marks a significant investment in the Alviso market.
Players
SELLER
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,984,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$132,163.74
Cash-on-Cash Return-1.27%
Monthly Debt Service$176,346.98
Annual Debt Service$2,116,163.74
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