Updated Dec 4, 2024
Marcus & Millichap Sells Retail Property In Los Gatos For $4.5M
52 North Santa Cruz Avenue
$4,500,000
$1,022/SF
Building Size
4,401 SF
Asset Type
Retail
Closing
Apr 8, 2024
About this deal
AI
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
Los Gatos 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
3.53%
Cash-on-Cash
-1.01%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93