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1452 North 4th Street

Dollinger Properties Acquires 12,400-SF Office Building In San Jose For $5 Million
SOLDOffice

Dollinger Properties Acquires 12,400-SF Office Building In San Jose For $5 Million

1452 North 4th Street

$5,000,000

$403/SF

Building Size

12,400 SF

Asset Type

Office

Closing

Apr 10, 2025

AI

Dollinger Properties has acquired an office building located at 1452 North 4th Street in San Jose. The sale was completed for $5 million, resulting in a pricing of $403 per square foot. The property encompasses an area of 12,400 square feet and is situated on 1.3 acres within the San Jose market.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: $5,000,000
  • Square Footage: 12,400
  • Price per Square Foot: $403
  • Address: 1452 North 4th Street
  • Market: San Jose
  • Acres: 1.3
  • Buyer: Michael I. Dollinger, David B. Dollinger & Barrie Dollinger Mengarelli - Dollinger Properties

The transaction features key individuals, including Michael I. Dollinger, David B. Dollinger, and Barrie Dollinger Mengarelli, representing Dollinger Properties in this acquisition. Their involvement underscores the active participation of these individuals in property investments within the San Jose area.

Players

DP
Dollinger PropertiesBuyer

San Jose Office Market Snapshot

Boundary boundary · Office · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

3.17%

Cash-on-Cash

-0.91%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93