Becton, Dickinson And Company Signs Lease For Industrial Space In San Jose With EverWest Real Estate Investors
86 Montecito Vista Drive, San Jose, California 95111, United States
Building Size
80,260 SF
Asset Type
Industrial
Closing
Oct 5, 2022
AI
The industrial property located at 86 Montecito Vista Drive in San Jose has recently been leased. The property spans approximately 80,260 square feet, and the transaction took place on October 6, 2022.
Summary of transaction details
- Property Type: Industrial
- Asking Rent: $1.35/ft.
EverWest Real Estate Investors served as the landlord in this lease agreement. The tenant, Becton, Dickinson and Company, will occupy the industrial space. The deal was facilitated by the brokers Joel Yungen, Greg Matter, and Jason Cranston from JLL.
Players
San Jose Industrial Market Snapshot
Boundary boundary · Industrial · Lease transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93