Updated Dec 21, 2023
Mendel Weinfeld Acquires San Jose Office Building From Diane Mcdermott For $4.3M
5580 Almaden Expressway, San Jose, California 95118, United States
$4,300,000
$491/SF
Building Size
8,748 SF
Asset Type
Office
Closing
Jun 9, 2022
About this deal
AI
The office building located at 5580 Almaden Expy in San Jose, CA has been sold on 06/10/2022. The property spans 8,748 square feet and was sold for a total price of $4,300,000. This amounts to a price per square foot of $491.
Summary of transaction details:
- Property Type: Office Building
- Transaction Amount: $4,300,000
- SF: 8,748
- PPSF: $491
- Address: 5580 Almaden Expy, San Jose, CA
- Market: San Jose, CA
The buyer of the property is Mendel Weinfeld, while Diane Mcdermott is the seller.
Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.69%
Cash-on-Cash
-1.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93