Updated Dec 18, 2023
Jonathan Emami Acquires Industrial Property In Morgan Hill For $13.25M
18960 Monterey Rd, Morgan Hill, CA, USA
$13,250,000
$1,204/SF
Building Size
11,000 SF
Asset Type
Industrial
Closing
Jul 22, 2021
About this deal
AI
Jonathan Emami has purchased an industrial property located at 18960 Monterey Rd. in Morgan Hill. The property spans 11,000 square feet and was sold for a total price of $13,250,000, resulting in a price per square foot of $1,205. The transaction took place on 07/23/2021.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $13,250,000
- Square Footage: 11,000
- Price Per Square Foot: $1,205
- Address: 18960 Monterey Rd.
- Market: Morgan Hill
The property was sold by Leslie Miner and Wendy Roush. Jonathan Emami represented himself as the buyer in the deal.
Players
Morgan Hill 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
1.20%
Cash-on-Cash
-0.34%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93