Updated Oct 29, 2024
Jmbc LLC Acquires 36,000 SF Industrial Property In Santa Clara For $11.7M
3350 Thomas Rd, Santa Clara, CA, USA
$11,700,000
$325/SF
Building Size
36,000 SF
Asset Type
Industrial
Closing
Mar 17, 2021
About this deal
AI
On March 18, 2021, an industrial property located at 3350 Thomas Rd in Santa Clara was sold for $11,700,000. The property spans 36,000 square feet, resulting in a price per square foot of $325. The transaction was facilitated by Skyar Sellers of Coldwell Banker Realty, representing the buyer Jmbc LLC.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $11,700,000
- Address: 3350 Thomas Rd
- Market: Santa Clara
- Broker: Skyar Sellers - Coldwell Banker Realty
This transaction demonstrates the sale of an industrial property in Santa Clara. Jmbc LLC successfully acquired the property at 3350 Thomas Rd for a total amount of $11,700,000. The property spans 36,000 square feet and has a price per square foot of $325. Skyar Sellers, representing Coldwell Banker Realty, acted as the broker in facilitating the deal.
Players
Santa Clara 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
1.36%
Cash-on-Cash
-0.39%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93