Updated Dec 20, 2023
Suzie Thigpen Acquires Industrial Property In San Jose, CA For $4.95M
451 Queens Lane, San Jose, California 95112, United States
$4,950,000
$232/SF
Building Size
21,278 SF
Asset Type
Industrial
Closing
Jan 11, 2022
About this deal
AI
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.
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
3.20%
Cash-on-Cash
-0.92%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93