Updated Dec 19, 2023
Ruth Weizman Acquires Industrial Property In San Jose For $6.5M
1540 Old Bayshore Highway, San Jose, California 95112, United States
$6,525,000
$326/SF
Building Size
20,000 SF
Asset Type
Industrial
Closing
Feb 27, 2022
About this deal
AI
An industrial property located at 1540-1556 Old Bayshore Highway in San Jose, Silicon Valley has been sold for a total of $6,525,000. The property spans 20,000 square feet, resulting in a price per square foot of $326. The sale took place on 02/28/2022.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $6,525,000
- Address: 1540-1556 Old Bayshore Highway, San Jose, Silicon Valley
- Market: San Jose, Silicon Valley
Ruth Weizman acquired the property from Pearl Tom & Leonard Tom. Terry Healy from Colliers represented Ruth Weizman as the buyer's representative, while Robin Santiago & Sean Dinh from SVN Capital West Partners served as the seller's representatives in the transaction.
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
2.43%
Cash-on-Cash
-0.69%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93