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251 Brandon Street, San Jos...

WTI Inc. Sells Multifamily Property In San Jose's Silicon Valley For $132.25M With Broker David Cohen
SOLDMultiFamily

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

David Cohen

The Cohen Company

Broker

$201.3M

vol

7 deals

Broker
WI
WTI INC.Seller

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