Pov & May Tov Family Foundation Acquires Retail Property In San Jose, CA For $11.6M
SOLD
$11,600,000
California
See Similar DealsRetail
Sold 05/12/2022
SOLD
Pov & May Tov Family Foundation Acquires Retail Property In San Jose, CA For $11.6M
1210 Story Road, San Jose, California 95122, United States
See Similar DealsRetail
Sold 05/12/2022
Summary
CALIFORNIA
Asset Type:Retail
Transaction Type:Sale
The retail property located at 1210 Story Road in San Jose, CA has been sold. The sale was facilitated by Do Van Tron, a representative from Intelli. The transaction took place on 12/05/2022, and the property was purchased for $11,600,000 by the Pov & May Tov Family Foundation.
Summary of transation details
- Property Type: Retail
- Transaction Amount: $11,600,000
- Address: 1210 Story Road, San Jose, CA
- Market: San Jose, CA
Do Van Tron, the representative from Intelli, played a crucial role in facilitating this sale. The Pov & May Tov Family Foundation emerged as the buyer for this retail property.
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Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$618,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$41,212.34
Cash-on-Cash Return-1.27%
Monthly Debt Service$54,989.92
Annual Debt Service$659,879.02
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