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
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