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
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Asset Type
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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
San Leandro CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
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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