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San Jose Developer Intelli Acquires Nova Alianca Hall For $2.4M With BUYER's Rep Do Van Tron & SELLER Sociedade Filarmonica Nova Alianca

Property Image
SOLD
$2,400,000
David Taxin
Do Van Tron

California

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Special Purpose
Sold 11/02/2023
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Property Image
SOLD

San Jose Developer Intelli Acquires Nova Alianca Hall For $2.4M With BUYER's Rep Do Van Tron & SELLER Sociedade Filarmonica Nova Alianca

37 North 27th Street

See Similar Deals
Special Purpose
Sold 11/02/2023
David Taxin
Do Van Tron
the dealplayerscompscontact
Contact now

Summary

CALIFORNIA
Asset Type:Special Purpose
Transaction Type:Sale

San Jose developer Intelli, led by Do Van Tron, has acquired Nova Alianca Hall for $2.4 million. The property is located at 37 North 27th Street in San Jose and is classified as a Special Purpose asset. The sale took place on November 2, 2023. The seller of the property was Sociedade Filarmonica Nova Alianca.

Summary of transaction details:

  • Property Type: Special Purpose
  • Transaction Amount: $2,400,000
  • Buyer: Intelli - Do Van Tron
  • Seller: Sociedade Filarmonica Nova Alianca

David Taxin from Meacham Oppenheimer represented the buyer, Intelli, in the transaction. Intelli plans to leverage the property's proximity to a future BART station site and San Jose's support for high-density development near the 28th Street/Little Portugal BART station. They have envisioned building 80 units on the property, aligning with the city's goals for increased housing density in the area.

Players

David Taxin
Meacham Oppenheimer
David Taxin
4 deals$19.9M volume
BROKER
Do Van Tron
Do Van Tron
4 deals$45.2M volume
BUYER

Details

SOLD
IMAGE: Do Van Tron & David Taxin DATE: 11/02/2023 ADDRESS: 37 North 27th Street MARKET: San Jose ASSET TYPE: Special Purpose BUYER: Intelli - Do Van Tron SELLER: Sociedade Filarmonica Nova Alianca BROKER: David Taxin - Meacham Oppenheimer SALE PRICE: $2,400,000 NOTE: San Jose developer Intelli, led by Do Van Tron, has acquired Nova Alianca Hall for $2.4 million, envisioning high-density housing on the property near a future BART station site. Tron plans to potentially build 80 units in line with San Jose's support for high-density development near the 28th Street/Little Portugal BART station.

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Deal Type
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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$8,526.70
Cash-on-Cash Return-1.27%
Monthly Debt Service$11,377.22
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