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Marcus & Millichap Brokers $1.8M Sale Of Retail Property In Campbell, CA

Property Image
SOLD
$1,800,000
Yuri Sergunin
J.J. Taughinbaugh

California

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Retail11,792 SF
Sold 06/07/2024
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Property Image
SOLD

Marcus & Millichap Brokers $1.8M Sale Of Retail Property In Campbell, CA

2615 South Bascom Avenue & 835 Union Avenue

See Similar Deals
Retail11,792 SF
Sold 06/07/2024
Yuri Sergunin
J.J. Taughinbaugh
the dealplayerscompscontact
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Summary

CALIFORNIA
Asset Type:Retail
Price Per Square Foot:$152
Total Square Footage:11,792 SF
Transaction Type:Sale

A 5,896-square-foot retail property located at 2615 South Bascom Avenue & 835 Union Avenue in Campbell, was sold for $1,800,000 in a transaction brokered by Marcus & Millichap. The property, situated in the San Jose suburb, was handled by J.J. Taughinbaugh and Yuri Sergunin from Marcus & Millichap, representing the seller, while the buyer's identity remains undisclosed.

Summary of transation details:

  • Property Type: Retail
  • Transaction Amount: $1,800,000
  • Address: 2615 South Bascom Avenue & 835 Union Avenue
  • Market: Campbell
  • Brokers: J.J. Taughinbaugh & Yuri Sergunin - Marcus & Millichap
  • SF: 5,896
  • Price Per SF: $305

The sale of the retail property in Campbell was orchestrated by Yuri Sergunin and J.J. Taughinbaugh of Marcus & Millichap, marking a successful transaction in the local real estate market.

Players

Yuri Sergunin
Marcus & Millichap
Yuri Sergunin
4 deals$20M volume
BROKER
J.J. Taughinbaugh
Marcus & Millichap
J.J. Taughinbaugh
4 deals$20M volume(650) 391-1807
BROKER

Details

SOLD
IMAGE: 06/07/2024 ADDRESS: 2615 South Bascom Avenue & 835 Union Avenue MARKET: Campbell ASSET TYPE: Retail BROKERS: J.J. Taughinbaugh & Yuri Sergunin - Marcus & Millichap SALE PRICE: $1,800,000 SF: 5,896 ~ PPSF: $305 NOTE: Marcus & Millichap brokered the $1.8 million sale of a 5,896-square-foot retail property in Campbell, a San Jose suburb. The Palo Alto office's Yuri Sergunin and J.J. Taughinbaugh represented the seller; the buyer's identity remains undisclosed.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$96,000.00

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$6,395.02
Cash-on-Cash Return-1.27%
Monthly Debt Service$8,532.92
Annual Debt Service$102,395.02