Updated Dec 21, 2023
David W. Yancey Acquires Multifamily Property In San Jose From Robert H. Kennis For $51M
840 Meridian Ave, San Jose, CA 95126, USA
$51,000,000
$51/SF
Building Size
984,200 SF
Asset Type
MultiFamily
Closing
Apr 28, 2020
About this deal
AI
The multifamily property located at 840 Meridian Ave and 850 Meridian Way in San Jose has been sold in a closed transaction. The property spans across 98,420 square feet and was sold for a total price of $51,000,000, resulting in a price per square foot of $518.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $51,000,000
- Square Footage: 98,420
- Price per Square Foot: $518
- Address: 840 Meridian Ave, 850 Meridian Way, San Jose
- Market: San Jose
The buyer of the property is David W. Yancey, while the seller is Robert H. Kennis.
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
0.31%
Cash-on-Cash
-0.09%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93