Updated Dec 21, 2023
Ruben Marcos Serrato Acquires Warehouse In San Jose For $3.75M
351 Lincoln Avenue, San Jose, California 95126, United States
$3,750,000
$307/SF
Building Size
12,208 SF
Asset Type
Industrial
Closing
Jan 27, 2022
About this deal
AI
A warehouse located at 351 Lincoln Ave in San Jose, CA was recently sold for a price of $3,750,000. The property spans a total area of 12,208 square feet, resulting in a price per square foot of $307.
Summary of transation details
- Property Type: Warehouse
- Transaction Amount: $3,750,000
- Square Footage: 12,208
- Price Per Square Foot: $307
- Address: 351 Lincoln Ave, San Jose, CA
- Market: San Jose, CA
The buyer in this transaction was Ruben Marcos Serrato, and the seller was Michael Francis Lamantia.
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
4.23%
Cash-on-Cash
-1.21%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93