Updated Dec 4, 2024
Marcus & Millichap Brokers $1.8M Sale Of Retail Property In Campbell, CA
2615 South Bascom Avenue & 835 Union Avenue
$1,800,000
$152/SF
Building Size
5,896 SF
Asset Type
Retail
Closing
Jun 7, 2024
About this deal
AI
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
Campbell 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
8.81%
Cash-on-Cash
-2.52%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93