Updated Dec 21, 2023
Mei Liang Acquires Industrial Property In San Jose From Mohammad K. Mesbahi For $6.42M
1460 Terminal Ave, San Jose, CA, USA
$6,420,000
$162/SF
Building Size
39,577 SF
Asset Type
Industrial
Closing
Jul 18, 2021
About this deal
AI
The industrial property located at 1460 Terminal Ave in San Jose has been sold in a recent transaction. The property spans over 39,577 square feet, with a price of $162 per square foot, resulting in a total sale price of $6,420,000. The sale took place on 07/19/2021.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $6,420,000
- Square Feet: 39,577
- Price per Square Foot: $162
- Market: San Jose
- Buyer: Mei Liang
- Seller: Mohammad K. Mesbahi
Mei Liang acted as the buyer in this transaction, while Mohammad K. Mesbahi was the seller.
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
2.47%
Cash-on-Cash
-0.71%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93