Updated Oct 29, 2024
Burlington Coat Factory And Sprouts Farmers Market Lease Retail Space In San Jose
375 North Capitol Avenue San Jose, California 95133, Usa
$30
$30/SF
Building Size
54,300 SF
Asset Type
Retail
Closing
Jun 13, 2023
About this deal
AI
A retail building located at 375 North Capitol Avenue in northeast San Jose has been leased by Burlington Coat Factory and Sprouts Farmers Market. The building, owned by National Stores, offers a total space of 54,300 square feet. Burlington Coat Factory has leased 30,300 square feet while Sprouts is eyeing 24,000 square feet within the same building.
Summary of transaction details
- Property Type: Retail
- Asking Rent: $30/ft.
- Square Footage: 54,300
- Address: 375 North Capitol Avenue, San Jose
- Market: San Jose
Jack Sinclair represents Sprouts Farmers Market and Michael O’Sullivan represents Burlington Coat Factory in this lease deal. They will be occupying the retail space owned by National Stores.
Players
Market Retail Market Snapshot
Boundary boundary · Retail · Lease transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
528766.67%
Cash-on-Cash
-151123.14%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93