Updated Oct 29, 2024
Black Creek Group Acquires Industrial Property In San Jose For $29.5M
464 North King Road, San Jose, CA, USA
$29,500,000
$251/SF
Building Size
117,442 SF
Asset Type
Industrial
Closing
Jan 26, 2021
About this deal
AI
Black Creek Group has acquired a property in San Jose for $29,500,000. The industrial asset is located at 464, 650 & 652 North King Road and spans a total of 117,442 square feet. The price per square foot for this transaction was $251.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $29,500,000
- Address: 464, 650 & 652 North King Road
- Market: San Jose
- Buyer: Black Creek Group
- Seller: Orton Development
- Square Footage: 117,442
- Price Per Square Foot: $251
The deal was completed on 01/27/2021, with Bruce Gates representing the buyer, Black Creek Group, and Raj Dhanda representing the seller, Orton Development.
On the Map
$29,500,000
$251/SF
Industrial
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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
0.54%
Cash-on-Cash
-0.15%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93