facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

California

/

All

/

Sale

/

635 Marina Boulevard, San L...

Penske Acquires 2.4 Acre Land In San Leandro, CA For $70M
SOLD

Penske Acquires 2.4 Acre Land In San Leandro, CA For $70M

635 Marina Boulevard, San Leandro, California 94577, United States

$70,000,000

Building Size

Asset Type

Closing

Oct 9, 2022

AI

Roger Penske has recently made a significant land acquisition in San Leandro, CA. Located at 635 Marina Boulevard, the property spans across 2.4 acres. This prime piece of land has attracted a lot of attention in the market.

Summary of transaction details

  • Property Type: Land
  • Transaction Amount: $70,000,000
  • Date: 10/10/2022
  • Address: 635 Marina Boulevard, San Leandro, CA
  • Market: San Leandro, CA
  • Buyer: Penske - Roger Penske
  • Seller: Zelig

Roger Penske, a well-known figure in the industry, finalized the purchase of this valuable asset. The deal was facilitated by Penske's representative, ensuring a smooth transaction between the buyer and seller.

Players

Roger Penske

Penske

Buyer

$85.4M

vol

2 deals

Buyer

San Leandro CRE Market Snapshot

Boundary boundary · CRE · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.23%

Cash-on-Cash

-0.06%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93