Updated Dec 19, 2023
Jonathan Emami Acquires Retail Property In San Jose, CA For $10.55M
1007 Blossom Hill Road, San Jose, California 95123, United States
$10,550,000
$935/SF
Building Size
11,275 SF
Asset Type
Retail
Closing
Jul 26, 2022
About this deal
AI
The retail property located at 1007 Blossom Hill Rd in San Jose, CA has been sold in a recent transaction. The property spans a total area of 11,275 square feet and was sold for a price of $10,550,000, resulting in a price per square foot of $93.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $10,550,000
- Address: 1007 Blossom Hill Rd, San Jose, CA
- Square Footage: 11,275
- Price Per Square Foot: $93
- Buyer: Jonathan Emami
- Seller: James Bate
In this transaction, Jonathan Emami served as the buyer and James Bate as the seller.
Players
San Jose Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.50%
Cash-on-Cash
-0.43%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93