Eymon Binesh Of Marcus & Millichap Sells Multifamily Asset At 127 Rancho Drive For $11.15M
127 Rancho Drive
$11,150,000
$449/SF
Building Size
24,816 SF
Asset Type
MultiFamily
Closing
Oct 17, 2025
AI
The property asset involved in this transaction is a multifamily asset located at 127 Rancho Drive in the San Jose market. The asset has a sale price of $11,150,000, comprising 30 units. It features a total square footage of 24,816, resulting in a price per unit of $371,666 and a price per square foot of $449.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $11,150,000
- Units: 30
- Total Square Footage: 24,816
- Price Per Unit: $371,666
- Price Per Square Foot: $449
- Broker: Eymon Binesh - Marcus & Millichap
- Date of Transaction: 10/17/2025
Eymon Binesh from Marcus & Millichap represents the seller in this transaction, facilitating the sale of the property in the San Jose market. This deal highlights the active involvement of brokerage expertise in multifamily assets.
Players
San Jose MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.42%
Cash-on-Cash
-0.41%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93