WTI Inc. Sells Multifamily Property In San Jose's Silicon Valley For $132.25M With Broker David Cohen
SOLD
$132,250,000
California
See Similar DealsMultiFamily284,181 SF
Sold 04/25/2019
SOLD
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
See Similar DealsMultiFamily284,181 SF
Sold 04/25/2019
Summary
CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$465
Total Square Footage:284,181 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$7,053,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$469,856.33
Cash-on-Cash Return-1.27%
Monthly Debt Service$626,932.47
Annual Debt Service$7,523,189.65
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