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
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