Updated Dec 21, 2023
Colliers Acquires Retail Property In San Jose For $16M
5805 Silver Creek Valley Road, San Jose, California 95138, United States
$16,000,000
Building Size
—
Asset Type
Retail
Closing
Sep 26, 2022
About this deal
AI
The retail property located at 5805 Silver Creek Valley Rd in San Jose, CA has been sold for $16,000,000. The transaction took place on September 27, 2022. The property is situated in a market with high demand and offers great potential for investors.
Summary of transation details
- Property Type: Retail
- Transaction Amount: $16,000,000
- Date: 09/27/2022
- Address: 5805 Silver Creek Valley Rd, San Jose, CA
- Market: San Jose, CA
The buyer in this transaction was represented by John Machado from Colliers, while the seller was represented by Cushman &Wakefield. Both parties worked together to successfully negotiate the sale of the property.
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
0.99%
Cash-on-Cash
-0.28%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93