Updated Sep 9, 2024
Tim Knea & Sunny Bhanot Sell San Jose Industrial Property For $8.25M
459-469 Piercy Rd, San Jose, CA, USA
$8,250,000
$33/SF
Building Size
244,807 SF
Asset Type
Industrial
Closing
Apr 12, 2021
About this deal
AI
The industrial property located at 459-469 Piercy Rd. in San Jose has been sold for a total price of $8,250,000. The property spans 244,807 square feet, resulting in a price per square foot of $33. This transaction took place on April 13, 2021.
Summary of transation details
- Property Type: Industrial
- Transaction Amount: $8,250,000
- Address: 459-469 Piercy Rd., San Jose
- Square Footage: 244,807
- Price per Square Foot: $33
- Seller: Tim Knea & Sunny Bhanot
- Broker: Roy Harel - Nublock Partners
The sale of this industrial property on Piercy Rd. was facilitated by the seller, Tim Knea & Sunny Bhanot, with representation from Roy Harel of Nublock Partners.
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
1.92%
Cash-on-Cash
-0.55%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93