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
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