Updated Dec 21, 2023
Chung K Lee & Song J Lee Acquire Retail Property In San Jose For $3.5M
1811 West San Carlos Street, San Jose, California 95128, United States
$3,500,000
$543/SF
Building Size
6,435 SF
Asset Type
Retail
Closing
Feb 24, 2022
About this deal
AI
The retail property located at 1811 W San Carlos St in San Jose, CA has been sold in a recent transaction. The property spans 6,435 square feet and was sold for a price of $3,500,000, resulting in a price per square foot of $543. The sale took place on February 25, 2022.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $3,500,000
- Address: 1811 W San Carlos St, San Jose, CA
- Market: San Jose, CA
- Buyer: Chung K Lee & Song J Lee
- Seller: Paul J Thurston & Dori L Bannister & Bruce J Bannister
- Square Footage: 6,435
- Price per Square Foot: $543
Chung K Lee and Song J Lee were the buyers in this transaction, while Paul J Thurston, Dori L Bannister, and Bruce J Bannister were the sellers. Both parties finalized the deal on February 25, 2022.
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
4.53%
Cash-on-Cash
-1.30%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93