Suzie Thigpen Acquires Retail Property On Rogers Ave In San Jose For $6.98M
SOLD
California
See Similar DealsRetail31,920 SF
Sold 01/12/2022
SOLD
Suzie Thigpen Acquires Retail Property On Rogers Ave In San Jose For $6.98M
1623 Rogers Avenue, San Jose, California 95112, United States
See Similar DealsRetail31,920 SF
Sold 01/12/2022
Summary
CALIFORNIA
Asset Type:Retail
Price Per Square Foot:$218
Total Square Footage:31,920 SF
Transaction Type:Sale
The retail property located at 1623 Rogers Ave in San Jose, CA has been sold in a recent transaction for a price of $6,985,000. The property spans a total area of 31,920 square feet, resulting in a price per square foot of $218.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $6,985,000
- SF: 31,920
- PPSF: $218
The buyer of the property is Suzie Thigpen, while the seller is Maritza Sanderson.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$372,533.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$24,816.24
Cash-on-Cash Return-1.27%
Monthly Debt Service$33,112.46
Annual Debt Service$397,349.56
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