Urban Catalyst Acquires Mixed-use Property In San Jose For $9.5M
SOLD
$9,500,000
California
See Similar DealsMixed-use420,000 SF
Sold 01/07/2022
SOLD
Urban Catalyst Acquires Mixed-use Property In San Jose For $9.5M
77 North 4th Street, San Jose, California 95112, United States
See Similar DealsMixed-use420,000 SF
Sold 01/07/2022
Summary
CALIFORNIA
Asset Type:Mixed-use
Price Per Square Foot:$22
Total Square Footage:420,000 SF
Transaction Type:Sale
The mixed-use property located at 77 N. Fourth St. in San Jose has been sold in a recent transaction. The property spans an area of 420,000 square feet. The sale price for this transaction was $9,500,000, resulting in a price per square foot of $22.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $9,500,000
- Address: 77 N. Fourth St.
- Market: San Jose
- Square Footage: 420,000
- Price per Square Foot: $22
Urban Catalyst acted as the buyer in this transaction.
Players
BUYER
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$506,666.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$33,751.50
Cash-on-Cash Return-1.27%
Monthly Debt Service$45,034.85
Annual Debt Service$540,418.16
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