Updated Dec 20, 2023
Thanh Minh Hua & Alanna Anh Hua Acquire Retail Property In San Jose For $6.8M
2040 Tully Rd, San Jose, CA, USA
$6,800,000
$438/SF
Building Size
15,526 SF
Asset Type
Retail
Closing
Jul 18, 2021
About this deal
AI
The retail property located at 2040 Tully Rd. in San Jose has been sold for $6,800,000. The property spans an area of 15,526 square feet, resulting in a price per square foot of $438. The transaction took place on July 19, 2021, with the buyer being Thanh Minh Hua and Alanna Anh Hua, and the seller being Dennis Liu.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $6,800,000
- Square Feet: 15,526
- Price per Square Foot: $438
- Buyer: Thanh Minh Hua & Alanna Anh Hua
- Seller: Dennis Liu
- Market: San Jose
Thanh Minh Hua and Alanna Anh Hua are the buyers of the property, while Dennis Liu is the seller. The property is located at 2040 Tully Rd. in San Jose. The transaction was finalized on July 19, 2021, with a purchase price of $6,800,000. The property spans an area of 15,526 square feet, resulting in a price per square foot of $438.
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
2.33%
Cash-on-Cash
-0.67%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93