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Andrew Brown Acquires Industrial Property In San Jose For $4.64M

Property Image
SOLD
$4,640,000

California

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Industrial13,038 SF
Sold 01/12/2022
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Property Image
SOLD

Andrew Brown Acquires Industrial Property In San Jose For $4.64M

1630 Old Bayshore Highway, San Jose, California 95112, United States

See Similar Deals
Industrial13,038 SF
Sold 01/12/2022
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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.

Players

4 deals$21.5M volume
SELLER

Details

SOLD
IMAGE: 01/12/2022 ADDRESS: 1630 Old Bayshore Hwy MARKET: San Jose, CA ASSET TYPE: Industrial BUYER: Andrew Brown SELLER: Maritza Sanderson PRICE: $4,640,000 SF: 13,038 ~ PPSF: $355

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

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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