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2280 El Camino Real

Naval & Deepti Molita Acquire Retail Property In Santa Clara For $4.1M
SOLDRetail

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

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

Ron E. Cruz, CCIM

The Econic Company

Broker

$52.3M

vol

16 deals

Broker

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