SOLDRetail
Marc Korody Acquires Retail Property In San Jose, CA For $11.1M
5302 Monterey Road, San Jose, California 95111, United States
$11,100,000
Building Size
—
Asset Type
Retail
Closing
Nov 21, 2022
AI
The retail property located at 5302-5320 Monterey Highway in San Jose, CA has been sold for a price of $11,100,000. The transaction was finalized on November 21, 2022. The property is situated in the San Jose market.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $11,100,000
- Buyer: Marc Korody
- Broker: David Taxin - Meacham/Oppenheimer
David Taxin from Meacham/Oppenheimer represented Marc Korody in this transaction.
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
1.43%
Cash-on-Cash
-0.41%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93