Updated Oct 29, 2024
Ho Enterprises Acquires 130k SF Industrial Facility In San Jose For $37.8M From Exeter Way LLC
1980 Senter Road San Jose, California 95112, USA
$37,800,000
$290/SF
Building Size
130,000 SF
Asset Type
Industrial
Closing
Jun 26, 2023
About this deal
AI
A 130,000-square-foot manufacturing facility located at 1980 Senter Road in San Jose has been sold for $37,800,000. The property was purchased by Kelly Ho through her entity Ho Enterprises, and the seller was Exeter Way LLC. The sale price equates to a price per square foot of $291, exceeding the appraised value of the property. The transaction took place on June 26, 2023, in the San Jose industrial market.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $37,800,000
- Square Footage: 130,000
- Price per Square Foot: $291
- Address: 1980 Senter Road
- Market: San Jose
Kelly Ho, a former Goldman Sachs associate, represented her entity Ho Enterprises in the purchase of this manufacturing facility. The seller, Exeter Way LLC, successfully closed the deal, exceeding the property's appraised value. This transaction demonstrates the continued investment activity in the slightly cooled-down San Jose industrial market.
On the Map
$37,800,000
$290/SF
Industrial
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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
0.42%
Cash-on-Cash
-0.12%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93