Updated Dec 21, 2023
Christopher Neale Acquires Retail Property In San Jose, CA From David Neale For $4.8M
455 South 1st Street, San Jose, California 95113, United States
$4,836,000
$1,028/SF
Building Size
4,700 SF
Asset Type
Retail
Closing
Apr 14, 2022
About this deal
AI
Retail property located at 455 S 1st St in San Jose, CA was recently sold in a closed transaction. The property spans 4,700 square feet and was sold for a total price of $4,836,000, resulting in a price per square foot of $1,028.
Summary of transaction details
- Property Type: Retail
- Sale Date: 4/15/2022
- Address: 455 S 1st St, San Jose, CA
- Market: San Jose, CA
- Buyer: Christopher Neale
- Seller: David Neale
- Sale Price: $4,836,000
- Square Footage: 4,700
- Price per Square Foot: $1,028
Christopher Neale acted as the buyer in this transaction, while David Neale represented the seller. Both parties successfully completed the sale of the retail property at 455 S 1st St in San Jose, CA.
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
3.28%
Cash-on-Cash
-0.94%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93