Updated Dec 21, 2023
Jeff Arrillaga Acquires Retail Property In San Jose From Alanna Hua For $4.8M
418 South 2nd Street, San Jose, CA, USA
$4,800,000
$680/SF
Building Size
7,050 SF
Asset Type
Retail
Closing
Jul 16, 2021
About this deal
AI
The retail property located at 418 S. 2nd St. in San Jose has been sold in a transaction that closed on 07/16/2021. The property, with a total area of 7,050 square feet, was purchased by Jeff Arrillaga from the seller Alanna Hua for a price of $4,800,000. The sale price translates to a price per square foot of $681.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $4,800,000
- Address: 418 S. 2nd St.
- Market: San Jose
- Buyer: Jeff Arrillaga
- Seller: Alanna Hua
- Square Footage: 7,050
- Price per Square Foot: $681
Jeff Arrillaga acted as the buyer in this transaction, while Alanna Hua served as the seller. The property's characteristics and the details of the deal showcase the successful completion of this retail property sale in San Jose.
Players
San Jose 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
3.30%
Cash-on-Cash
-0.94%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93