Updated Dec 4, 2024
Michael Luu Purchases Industrial Property From Huguette Lemire In San Jose For $700,000
2455 Autumnvale Drive
$700,000
$424/SF
Building Size
1,651 SF
Asset Type
Industrial
Closing
Nov 25, 2024
About this deal
AI
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.
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
22.66%
Cash-on-Cash
-6.48%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93