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Marcus & Millichap Sells Retail Property In Los Gatos For $4.5M

Property Image
SOLD
$4,500,000
Yuri Sergunin
J.J. Taughinbaugh

California

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Retail4,401 SF
Sold 04/08/2024
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Property Image
SOLD

Marcus & Millichap Sells Retail Property In Los Gatos For $4.5M

52 North Santa Cruz Avenue

See Similar Deals
Retail4,401 SF
Sold 04/08/2024
Yuri Sergunin
J.J. Taughinbaugh
the dealplayerscompscontact
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Summary

CALIFORNIA
Asset Type:Retail
Price Per Square Foot:$1,022
Total Square Footage:4,401 SF
Transaction Type:Sale

The retail property at 52 North Santa Cruz Avenue in Los Gatos was sold for $4.5 million. The asset spans 4,401 square feet and was fully occupied at the time of the transaction.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $4,500,000
  • Address: 52 North Santa Cruz Avenue
  • Market: Los Gatos
  • Square Footage: 4,401
  • Price Per Square Foot: $1,022
  • Brokers: J.J. Taughinbaugh & Yuri Sergunin - Marcus & Millichap

The sale of the property was facilitated by J.J. Taughinbaugh and Yuri Sergunin from Marcus & Millichap's Palo Alto office. The deal involved six commercial spaces within the retail property, with both the buyer and seller remaining undisclosed.

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: 04/08/2024 ADDRESS: 52 North Santa Cruz Avenue MARKET: Los Gatos ASSET TYPE: Retail BROKERS: J.J. Taughinbaugh & Yuri Sergunin - Marcus & Millichap SALE PRICE: $4,500,000 SF: 4,401 ~ PPSF: $1,022 NOTE: Marcus & Millichap facilitated the sale of a fully occupied retail property at 52 N. Santa Cruz Ave. in Los Gatos, south of San Jose, for $4.5 million. The 4,401-square-foot asset, featuring six commercial spaces, was represented by Yuri Sergunin and J.J. Taughinbaugh of Marcus & Millichap’s Palo Alto office, with both the seller and buyer undisclosed.

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

$240,000.00

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$15,987.55
Cash-on-Cash Return-1.27%
Monthly Debt Service$21,332.30
Annual Debt Service$255,987.55