facebook

traded

+ Submit
Home

/

Deals

/

California

/

Retail

/

Sale

/

2180 Eastridge Loop, San Jo...

Pacific Retail Capital Sells Retail Property In San Jose To Do Van Tron For $24.8M
SOLDRetail

Pacific Retail Capital Sells Retail Property In San Jose To Do Van Tron For $24.8M

2180 Eastridge Loop, San Jose, California 95122, United States

$24,800,000

$95/SF

Building Size

260,100 SF

Asset Type

Retail

Closing

Aug 31, 2022

AI

The retail property located at 2180 Eastridge Loop in San Jose has been sold in a recent transaction. The property, with an area of 260,100 square feet, was sold for a total of $24,800,000, resulting in a price per square foot of $95. The sale took place on 09/01/2022. The buyer in this transaction was Do Van Tron, while the seller was Pacific Retail Capital, represented by Steve Plenge.

Summary of transaction details

  • Property Type: Retail
  • Transaction Amount: $24,800,000
  • Address: 2180 Eastridge Loop, San Jose
  • Market: San Jose
  • Buyer: Do Van Tron
  • Seller: Pacific Retail Capital - Steve Plenge
  • Square Footage: 260,100
  • Price Per Square Foot: $95

Do Van Tron acted as the buyer in this transaction, acquiring the retail property at 2180 Eastridge Loop. Pacific Retail Capital, represented by Steve Plenge, served as the seller. The sale of this property involved a significant investment, further highlighting its value in the San Jose market.

Players

Do Van Tron

Intelli

Buyer

$45.2M

vol

4 deals

Buyer

Steve Plenge

Pacific Retail Capital

Seller

$482.2M

vol

5 deals

Seller

San Jose Retail Market Snapshot

Boundary boundary · Retail · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.64%

Cash-on-Cash

-0.18%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93