Updated Oct 28, 2024
Steven M. Saldivar Acquires San Jose Industrial Property For $6.25M
1000 Rock Ave, San Jose, CA, USA
$6,250,000
$283/SF
Building Size
22,062 SF
Asset Type
Industrial
Closing
Jun 30, 2021
About this deal
AI
The industrial property located at 1000 Rock Ave in San Jose has been sold in a closed transaction. The sale took place on July 1, 2021. The property, spanning 22,062 square feet, was acquired by Steven M. Saldivar for a total price of $6,250,000. The price per square foot was calculated to be $283.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $6,250,000
- Property Address: 1000 Rock Ave, San Jose
- Market: San Jose
- Buyer: Steven M. Saldivar
- Seller: Cisko LLC
- Square Footage: 22,062
- Price per Square Foot: $283
The buyer, Steven M. Saldivar, represented himself in the transaction. Cisko LLC, on the other hand, was represented by their own broker.
On the Map
$6,250,000
$283/SF
Industrial
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Players
San Jose Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.54%
Cash-on-Cash
-0.73%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93