Updated Dec 18, 2023
Andrew Brown Acquires Retail Property On Martin Ave In Santa Clara For $5.2M
1055 Martin Avenue, Santa Clara, California 95050, United States
$5,200,000
$259/SF
Building Size
20,007 SF
Asset Type
Retail
Closing
Jul 21, 2022
About this deal
AI
The retail property located at 1055 Martin Ave in Santa Clara, CA was recently sold in a transaction that closed on July 22, 2022. The property spans a total area of 20,007 square feet and was sold for a price of $5,200,000, resulting in a price per square foot of $259. The buyer of the property was Andrew Brown, while the sellers were Sang A Young and Anne Chung Young.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $5,200,000
- Address: 1055 Martin Ave, Santa Clara, CA
- Market: Santa Clara, CA
- Buyer: Andrew Brown
- Seller: Sang A Young & Anne Chung Young
- Square Footage: 20,007
- Price Per Square Foot: $259
This transaction involved Andrew Brown as the buyer and Sang A Young & Anne Chung Young as the sellers. The deal was successfully closed, allowing Brown to acquire the retail property located at 1055 Martin Ave in Santa Clara, CA.
Players
Santa Clara 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
3.05%
Cash-on-Cash
-0.87%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93