WTI Inc. Sells Multifamily Property In San Jose's Silicon Valley For $132.25M With Broker David Cohen
251 Brandon Street, San Jose, CA, USA
$132,250,000
$465/SF
Building Size
284,181 SF
Asset Type
MultiFamily
Closing
Apr 24, 2019
AI
Located at 251 Brandon St in San Jose, Silicon Valley, this multifamily property has recently been sold. The transaction took place on April 25, 2019. The property, consisting of 271 units, was sold for a price of $132,250,000, resulting in a per unit price of $488,007.
Summary of Transaction Details
- Property Type: Multifamily
- Transaction Amount: $132,250,000
- Address: 251 Brandon St, San Jose, Silicon Valley
- Units: 271
- Price Per Unit: $488,007
The seller of this property was WTI Inc. The deal was facilitated by David Cohen from an undisclosed agency.
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
0.12%
Cash-on-Cash
-0.03%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93