COLDWELL BANKER COMMERCIAL BROKERS SALE OF MULTIFAMILY BUILDING IN SAN JOSE, CALIF. FOR $7.85 MILLION
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SAN JOSE, Calif. (August 10, 2022) – Coldwell Banker Commercial represented the seller in the sale of a El Castillo Metro, a 22-unit, multifamily property located at 1040-1058 N. 4th St. in San Jose, Calif. The transaction was valued at $7.85 million.
Anthony Boudreault, a commercial real estate professional affiliated with Coldwell Banker Commercial Realty, represented the seller, a private investor, in the transaction. The buyer purchased the property as part of a 1031 exchange.
El Castillo Metro was built in 1928 and is comprised of 16 studios and 6 two-bedroom units with 38 on-site parking spaces.
“This transaction was a lot of fun to be involved in. El Castillo Metro is located directly in the path of progress and surrounded by several large commercial building projects. It will certainly be interesting to see what the future has in store for the property,” said Boudreault.
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Coldwell Banker Commercial Realty, the local affiliate of Coldwell Banker Commercial®, provides commercial real estate solutions serving the needs of owners and occupiers in the leasing, acquisition and disposition of all property types. With a collaborative network of independently owned and operated affiliates, the Coldwell Banker Commercial organization comprises almost 200 companies and more than 3,000 professionals throughout the U.S. and internationally. For additional information, visit www.cbcworldwide.com.
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