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1055 Martin Avenue, Santa C...

Updated Dec 18, 2023

Andrew Brown Acquires Retail Property On Martin Ave In Santa Clara For $5.2M
SOLDRetail

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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Deal FAQ

About $259 per square foot on a published $5.2M for 20,007 square feet (2022).

Browse California retail sales on Traded.

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

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