Updated Sep 9, 2024
Taycon Real Estate & Marcus & Millichap Sell Retail Property In Los Gatos For $36M
15710 Los Gatos Boulevard, Los Gatos, California 95032, United States
$36,000,000
$615/SF
Building Size
58,519 SF
Asset Type
Retail
Closing
Feb 27, 2022
About this deal
AI
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.
Players
Los Gatos 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
0.44%
Cash-on-Cash
-0.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93