Suzie Thigpen Acquires Industrial Property In San Jose, CA For $4.95M
SOLD
California
See Similar DealsIndustrial21,278 SF
Sold 01/12/2022
SOLD
Suzie Thigpen Acquires Industrial Property In San Jose, CA For $4.95M
451 Queens Lane, San Jose, California 95112, United States
See Similar DealsIndustrial21,278 SF
Sold 01/12/2022
Summary
CALIFORNIA
Asset Type:Industrial
Price Per Square Foot:$232
Total Square Footage:21,278 SF
Transaction Type:Sale
An industrial property located at 451 Queens Ln in San Jose, CA has been sold in a transaction. The property spans across 21,278 square feet and was sold for a price of $4,950,000, resulting in a price per square foot of $232.
Summary of Transaction Details
- Property Type: Industrial
- Transaction Amount: $4,950,000
- Address: 451 Queens Ln, San Jose, CA
- Market: San Jose, CA
- Buyer: Suzie Thigpen
- Seller: Maritza Sanderson
Suzie Thigpen acted as the buyer in this transaction, representing herself. Maritza Sanderson served as the seller.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$264,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$17,586.30
Cash-on-Cash Return-1.27%
Monthly Debt Service$23,465.53
Annual Debt Service$281,586.30
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