Andrew Brown Acquires Industrial Property In San Jose For $4.64M
SOLD
$4,640,000
California
See Similar DealsIndustrial13,038 SF
Sold 01/12/2022
SOLD
Andrew Brown Acquires Industrial Property In San Jose For $4.64M
1630 Old Bayshore Highway, San Jose, California 95112, United States
See Similar DealsIndustrial13,038 SF
Sold 01/12/2022
Summary
CALIFORNIA
Asset Type:Industrial
Price Per Square Foot:$355
Total Square Footage:13,038 SF
Transaction Type:Sale
The industrial property located at 1630 Old Bayshore Hwy in San Jose, CA was recently sold in a closed transaction. The property spans across 13,038 square feet and was sold at a price of $4,640,000, resulting in a price per square foot of $355.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $4,640,000
- Square Footage: 13,038
- Price per Square Foot: $355
- Address: 1630 Old Bayshore Hwy, San Jose, CA
- Market: San Jose, CA
The buyer in this transaction was Andrew Brown, while Maritza Sanderson acted as the seller. Both parties agreed to the terms of the sale, resulting in the successful completion of the deal.
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Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$247,466.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$16,484.94
Cash-on-Cash Return-1.27%
Monthly Debt Service$21,995.97
Annual Debt Service$263,951.61
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