Black Creek Groop Acquires 15.8 Acres Of Industrial Land In San Jose For $96M
SOLD
$96,000,000
California
See Similar DealsIndustrial690,000 SF
Sold 09/13/2021
SOLD
Black Creek Groop Acquires 15.8 Acres Of Industrial Land In San Jose For $96M
1712 Little Orchard Street, San Jose, CA, USA
See Similar DealsIndustrial690,000 SF
Sold 09/13/2021
Summary
CALIFORNIA
Asset Type:Industrial
Price Per Square Foot:$139
Total Square Footage:690,000 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$5,119,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$341,067.73
Cash-on-Cash Return-1.27%
Monthly Debt Service$455,088.98
Annual Debt Service$5,461,067.72
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