Naval & Deepti Molita Acquire Retail Property In Santa Clara For $4.1M
SOLD
$4,100,000
California
See Similar DealsRetail5,141 SF
Sold 01/19/2023
SOLD
Naval & Deepti Molita Acquire Retail Property In Santa Clara For $4.1M
2280 El Camino Real
See Similar DealsRetail5,141 SF
Sold 01/19/2023
Summary
CALIFORNIA
Asset Type:Retail
Price Per Square Foot:$797
Total Square Footage:5,141 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$218,666.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$14,566.44
Cash-on-Cash Return-1.27%
Monthly Debt Service$19,436.09
Annual Debt Service$233,233.10
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