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2201 Qume Drive

The Stubblebine Company Sells San Jose Office Property For $6.055M
SOLDOffice

The Stubblebine Company Sells San Jose Office Property For $6.055M

2201 Qume Drive

$6,055,000

$94/SF

Building Size

63,958 SF

Asset Type

Office

Closing

May 13, 2024

AI

The Stubblebine Company brokered the $6,055,000 sale of a 63,958-square-foot office property on 2.78 acres at 2201 Qume Drive in San Jose. The sale price translates to $95 per square foot.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: $6,055,000
  • Address: 2201 Qume Drive
  • Market: San Jose
  • Asset Type: Office
  • Acres: 2.78

David Stubblebine & James Stubblebine from The Stubblebine Company represented the parties involved in the sale of the office property at 2201 Qume Drive in San Jose.

Players

David Stubblebine

The Stubblebine Company

Broker

$313.6M

vol

31 deals

Broker

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

2.62%

Cash-on-Cash

-0.75%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93