Updated Dec 4, 2024
Black Creek Groop Acquires 15.8 Acres Of Industrial Land In San Jose For $96M
1712 Little Orchard Street, San Jose, CA, USA
$96,000,000
$139/SF
Building Size
690,000 SF
Asset Type
Industrial
Closing
Sep 13, 2021
About this deal
AI
The sale of an industrial property in San Jose has been completed. The property, located at 1712-1792 Little Orchard St., 1810-1870 Little Orchard St., 170-198 Barnard Ave. & 189-1983 Stauffer Blvd., covers an area of 15.8 acres. The transaction was finalized on 09/13/2021.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $96,000,000
- Square Footage: 690,000
- Price per Square Foot: $139
The buyer of the property is Black Creek Groop - Raj Dhanda, represented by Raj Dhanda. The seller is Harvest Properties. The sale price for the property was $96,000,000, with a total square footage of 690,000 and a price per square foot of $139.
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
0.17%
Cash-on-Cash
-0.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93