Updated Oct 29, 2024
Naval & Deepti Molita Acquire Retail Property In Santa Clara For $4.1M
2280 El Camino Real
$4,100,000
$797/SF
Building Size
5,141 SF
Asset Type
Retail
Closing
Jan 19, 2023
About this deal
AI
In a recent transaction in Santa Clara, a retail property located at 2280 El Camino Real was sold for $4,100,000. The property spans 5,141 square feet, resulting in a price per square foot of $798.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $4,100,000
- Square Footage: 5,141
- Address: 2280 El Camino Real
- Market: Santa Clara
Naval & Deepti Molita successfully acquired the property from Fred J. Isaia, Trustee Of Fred & Laura Isaia Revocable Trust, Etal. The deal was facilitated by brokers Ron E. Cruz and Andres Claure from Newmark.
Players
Santa Clara 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
3.87%
Cash-on-Cash
-1.11%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93