Updated Sep 9, 2024
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
About this deal
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.
The retail sale at 5302 Monterey Road, San Jose, California 95111, United States in San Jose, California sold for $11.1M in 2022. 5302 Monterey Road, San Jose, California 95111, United States is classified as Retail on Traded. David Taxin, Meacham Oppenheimer appear on the sale alongside Meacham Oppenheimer. This page is the San Jose, California file for the 5302 Monterey Road, San Jose, California 95111, United States retail sold: pricing, party profiles, and other closed retail comps from the same San Jose sit in the Market section below. Filter that San Jose retail set by closing date to see what else sold near 5302 Monterey Road, San Jose, California 95111, United States around 2022. Published consideration for 5302 Monterey Road, San Jose, California 95111, United States is $11.1M, dated 2022. Cite this Marc Korody Acquires Retail Property In San Jose, CA For $11.1M sale when underwriting similar retail product around San Jose, California.
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