Updated Oct 28, 2024
Second Harvest Of Silicon Valley Acquires Development Site In Alviso For $37.2M
4553 North 1st Street, San Jose, California 95134, United States
$37,200,000
Building Size
—
Asset Type
Development Site
Closing
May 4, 2022
About this deal
AI
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.
On the Map
$37,200,000
Development Site
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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
0.43%
Cash-on-Cash
-0.12%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93