Ruth Weizman Acquires Industrial Property In San Jose For $6.5M
SOLD
$6,525,000
California
See Similar DealsIndustrial20,000 SF
Sold 02/28/2022
SOLD
Ruth Weizman Acquires Industrial Property In San Jose For $6.5M
1540 Old Bayshore Highway, San Jose, California 95112, United States
See Similar DealsIndustrial20,000 SF
Sold 02/28/2022
Summary
CALIFORNIA
Asset Type:Industrial
Price Per Square Foot:$326
Total Square Footage:20,000 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$348,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$23,181.95
Cash-on-Cash Return-1.27%
Monthly Debt Service$30,931.83
Annual Debt Service$371,181.95
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