Updated Oct 28, 2024
National Petroleum Signs Lease For Retail Space At 960 S. King Rd. In San Jose With Landlord Duong Nguyen And Broker Chandler J. Kelley From Retail Link Associates & The Gas Broker
960 South King Road, San Jose, California 95116, United States
Building Size
1,008 SF
Asset Type
Retail
Closing
Dec 20, 2021
About this deal
AI
The leased property involved in this transaction is located at 960 S. King Rd in San Jose. It is a retail asset with an address in the San Jose market. The landlord for this property is Duong Nguyen, while the tenant is National Petroleum. The lease was facilitated by Chandler J. Kelley from Retail Link Associates & The Gas Broker. The asking rent for this lease was $15,000 per month and the total square footage of the property is 1,008.
Summary of transaction details
- Property Type: Retail
- Transaction Date: 12/20/2021
- Address: 960 S. King Rd
- Market: San Jose
- Landlord: Duong Nguyen
- Tenant: National Petroleum
- Broker: Chandler J. Kelley - Retail Link Associates & The Gas Broker
- Asking Rent: $15,000/mon.
- Square Footage: 1,008
Chandler J. Kelley from Retail Link Associates & The Gas Broker played a key role in representing both the landlord, Duong Nguyen, and the tenant, National Petroleum, in this lease transaction.
On the Map
Retail
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San Jose 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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93