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Ample Investments Holdings LLC Acquires Retail Property In San Jose For $8.4M From Dollinger Properties
SOLD
$8,400,000
California
See Similar DealsRetail28,100 SF
Sold 03/04/2025
SOLD
Ample Investments Holdings LLC Acquires Retail Property In San Jose For $8.4M From Dollinger Properties
1510 Oakland Road
See Similar DealsRetail28,100 SF
Sold 03/04/2025
Summary
CALIFORNIA
Asset Type:Retail
Price Per Square Foot:$298
Total Square Footage:28,100 SF
Transaction Type:Sale
A 28,100-sf retail property located at 1510 Oakland Road in San Jose has been sold for $8,400,000. This asset was marketed by CBRE and is fully leased to six tenants, including a window installer, tofu shop, and shoe store.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $8,400,000
- Sale Date: 03/04/2025
- Buyer: Ample Investments Holdings LLC
- Seller: Michael I. Dollinger, David B. Dollinger & Barrie Dollinger Mengarelli - Dollinger Properties
- Price per Square Foot: $299
- Market: San Jose
This transaction involved Ample Investments Holdings LLC as the buyer and Dollinger Properties as the seller, indicating a significant shift in ownership since the property was acquired by the seller nearly $4 million more in 2018.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$448,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$29,843.42
Cash-on-Cash Return-1.27%
Monthly Debt Service$39,820.29
Annual Debt Service$477,843.43
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