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.
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