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
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