Updated Dec 19, 2023
Thomas Klein Acquires Multifamily Property In San Jose For $23.5M
4861 Campbell Avenue, San Jose, California 95130, United States
$23,500,000
$470/SF
Building Size
49,918 SF
Asset Type
MultiFamily
Closing
May 23, 2022
About this deal
AI
The multifamily property located at 4861 Campbell Ave in San Jose, CA has been sold in a closed transaction. The property spans 49,918 square feet, and the sale price amounts to $23,500,000, resulting in a price per square foot of $470.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $23,500,000
- Square Footage: 49,918
- Price per Square Foot: $470
- Address: 4861 Campbell Ave, San Jose, CA
- Buyer: Thomas Klein
- Seller: Gary B Driedger & Mary L Driedger
In this transaction, Thomas Klein acted as the buyer, while Gary B Driedger and Mary L Driedger served as the sellers.
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
0.68%
Cash-on-Cash
-0.19%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93