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1728 Hostetter Road

Kha Le Purchases Retail Property On Hostetter Road In San Jose For $4 Million
SOLDRetail

Kha Le Purchases Retail Property On Hostetter Road In San Jose For $4 Million

1728 Hostetter Road

$4,000,000

$555/SF

Building Size

7,195 SF

Asset Type

Retail

Closing

Aug 16, 2024

AI

The retail property located at 1728 Hostetter Road in the San Jose market has been sold for a total price of $4,000,000. The asset boasts a total square footage of 7,195, which equates to a price per square foot of $555.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $4,000,000
  • Address: 1728 Hostetter Road
  • Market: San Jose
  • Square Footage: 7,195
  • Price Per Square Foot: $555

Kha Le is the buyer of the retail asset, while Ron E. Cruz and James Chung represented the seller in the transaction through The Econic Company. Their involvement highlights the broker's role in facilitating the sale of this property.

Players

Ron E. Cruz, CCIM

The Econic Company

Broker

$52.3M

vol

16 deals

Broker

San Jose 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

3.97%

Cash-on-Cash

-1.13%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93