Updated Dec 21, 2023
Christopher Neale Acquires Office Building In San Jose For $8.6M
465 South 1st Street, San Jose, California 95113, United States
$8,645,000
$1,330/SF
Building Size
6,496 SF
Asset Type
Office
Closing
Apr 14, 2022
About this deal
AI
The office building located at 465 S 1st St in San Jose, CA was sold on April 15, 2022. The property has a total square footage of 6,496 and was sold at a price of $8,645,000, resulting in a price per square foot of $1,330.
Summary of transaction details
- Property Type: Office Building
- Transaction Amount: $8,645,000
- Square Footage: 6,496
- Price Per Square Foot: $1,330
- Address: 465 S 1st St, San Jose, CA
- Market: San Jose, CA
The buyer of the property was Christopher Neale, while the sellers were Anne Neale and David E Neale.
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
1.83%
Cash-on-Cash
-0.52%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93