General Mortgage Capital Corporation Acquires Office Building In San Jose For $5.2M
690 Saratoga Avenue, San Jose, California 95129, United States
$5,200,000
$535/SF
Building Size
9,704 SF
Asset Type
Office
Closing
Mar 23, 2022
AI
A 9,704 square foot office building located at 690 Saratoga Ave in San Jose, CA has been sold for $5,200,000. The property was purchased by General Mortgage Capital Corporation from Kwangrog Kim. The sale price translates to a price per square foot of $535.
Summary of transaction details
- Property Type: Office Building
- Transaction Amount: $5,200,000
- Square Footage: 9,704
- Price per Square Foot: $535
- Address: 690 Saratoga Ave, San Jose, CA
- Buyer: General Mortgage Capital Corporation
- Seller: Kwangrog Kim
This transaction represents the successful acquisition of the office building by General Mortgage Capital Corporation from Kwangrog Kim.
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
3.05%
Cash-on-Cash
-0.87%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93