Michael Luu Purchases Industrial Property From Huguette Lemire In San Jose For $700,000
SOLD
$700,000
California
See Similar DealsIndustrial1,651 SF
Sold 11/25/2024
SOLD
Michael Luu Purchases Industrial Property From Huguette Lemire In San Jose For $700,000
2455 Autumnvale Drive
See Similar DealsIndustrial1,651 SF
Sold 11/25/2024
Summary
CALIFORNIA
Asset Type:Industrial
Price Per Square Foot:$424
Total Square Footage:1,651 SF
Transaction Type:Sale
The property asset involved in this transaction is an industrial asset located at 2455 Autumnvale Drive, Ste F, in the San Jose market. The sale price was $700,000, and the asset encompasses a total of 1,651 square feet, resulting in a price per square foot of $423.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $700,000
- Address: 2455 Autumnvale Drive, Ste F
- Market: San Jose
- Square Footage: 1,651
- Price per Square Foot: $423
- Buyer: Michael Luu
- Seller: Huguette Lemire
- Brokers: Ron E. Cruz & Sean O'Carroll - The Econic Company
This deal involved key individuals including buyer Michael Luu and seller Huguette Lemire, represented by brokers Ron E. Cruz and Sean O'Carroll from The Econic Company.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$37,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$2,486.97
Cash-on-Cash Return-1.27%
Monthly Debt Service$3,318.36
Annual Debt Service$39,820.29
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