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939 Story Road, San Jose, C...

Updated Oct 28, 2024

North East Medical Services Acquires Retail Property In Little Saigon For $20M
SOLDRetail

North East Medical Services Acquires Retail Property In Little Saigon For $20M

939 Story Road, San Jose, California 95122, United States

$20,000,000

$445/SF

Building Size

44,900 SF

Asset Type

Retail

Closing

Jun 23, 2022

About this deal

AI

The retail property located at 939 Story Rd. in Little Saigon has been sold in a recent transaction. The property spans 44,900 square feet and is situated in the vibrant market of Little Saigon. The sale was facilitated by Dr. Eddie Chan representing North East Medical Services as the buyer and American Pacific International Capital as the seller. The transaction closed on 06/24/2022 for a total sale price of $20,000,000, resulting in a price per square foot of $445.

Summary of transaction details

  • Property Type: Retail
  • Transaction Amount: $20,000,000
  • Address: 939 Story Rd.
  • Market: Little Saigon
  • Buyer: North East Medical Services - Dr. Eddie Chan
  • Seller: American Pacific International Capital
  • Square Footage: 44,900
  • Price Per Square Foot: $445

Dr. Eddie Chan, representing North East Medical Services, played a key role in the transaction as the buyer. On the selling side, American Pacific International Capital facilitated the deal. The successful sale of this retail property demonstrates the activity and growth in the Little Saigon market.

Players

AC
American Pacific International CapitalSeller

San Jose Retail Market Snapshot

Boundary boundary · Retail · Sale transactions

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Deal FAQ

About $445 per square foot on a published $20M for 44,900 square feet (2022).

Browse California retail sales on Traded.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.79%

Cash-on-Cash

-0.23%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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