Updated Oct 29, 2024
On Lok Senior Health Services Acquires Office Building In San Jose For $7.7M
151 Martinvale Lane, San Jose, CA 5119, USA
$7,700,000
Building Size
—
Asset Type
Office
Closing
Apr 3, 2023
About this deal
AI
On March 4, 2023, an office property located at 151 Martinvale Lane in San Jose was sold for $7,700,000. The property was acquired by On Lok Senior Health Services.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $7,700,000
- Buyer: On Lok Senior Health Services
- Brokers: Nick Whitstone & Andrew Trillo - CBRE
The sale was facilitated by brokers Nick Whitstone and Andrew Trillo from CBRE.
The office sale at 151 Martinvale Lane, San Jose, CA 5119, USA in San Jose, California sold for $7.7M in 2023. 151 Martinvale Lane, San Jose, CA 5119, USA is classified as Office on Traded. Nick Whitstone, Andrew Trillo, CBRE appear on the sale alongside CBRE. This page is the San Jose, California file for the 151 Martinvale Lane, San Jose, CA 5119, USA office sold: pricing, party profiles, and other closed office comps from the same San Jose sit in the Market section below. Filter that San Jose office set by closing date to see what else sold near 151 Martinvale Lane, San Jose, CA 5119, USA around 2023. Published consideration for 151 Martinvale Lane, San Jose, CA 5119, USA is $7.7M, dated 2023. Cite this On Lok Senior Health Services Acquires Office Building In San Jose For $7.7M sale when underwriting similar office product around San Jose, California.
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.06%
Cash-on-Cash
-0.59%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93