Taycon Real Estate & Marcus & Millichap Sell Retail Property In Los Gatos For $36M
SOLD
$36,000,000
California
See Similar DealsRetail58,519 SF
Sold 02/28/2022
SOLD
Taycon Real Estate & Marcus & Millichap Sell Retail Property In Los Gatos For $36M
15710 Los Gatos Boulevard, Los Gatos, California 95032, United States
See Similar DealsRetail58,519 SF
Sold 02/28/2022
Summary
CALIFORNIA
Asset Type:Retail
Price Per Square Foot:$615
Total Square Footage:58,519 SF
Transaction Type:Sale
The recently closed property transaction in Los Gatos involved a retail asset located at 15710 Los Gatos Blvd. The property spans across 3.4 acres and is situated in the Los Gatos market. The sale of this retail property was facilitated by brokers Marko Buljan from Taycon Real Estate and Adam Levin from Marcus & Millichap.
Summary of transation details
- Property Type: Retail
- Transaction Amount: $36,000,000
- Square Footage: 58,519 SF
- Price Per Square Foot: $615
- Address: 15710 Los Gatos Blvd.
- Market: Los Gatos
The deal was successfully closed on 02/28/2022 with a sale price of $36,000,000. The retail property spans across 58,519 square feet, resulting in a price per square foot of $615. Marko Buljan from Taycon Real Estate and Adam Levin from Marcus & Millichap played crucial roles as brokers in this transaction, representing their respective clients.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,920,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$127,900.40
Cash-on-Cash Return-1.27%
Monthly Debt Service$170,658.37
Annual Debt Service$2,047,900.40
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