Penske Acquires 2.4 Acre Land In San Leandro, CA For $70M
SOLD
$70,000,000
California
See Similar DealsSold 10/10/2022
SOLD
Penske Acquires 2.4 Acre Land In San Leandro, CA For $70M
635 Marina Boulevard, San Leandro, California 94577, United States
See Similar DealsSold 10/10/2022
Summary
CALIFORNIA
Transaction Type:Sale
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
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$3,733,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$248,695.22
Cash-on-Cash Return-1.27%
Monthly Debt Service$331,835.71
Annual Debt Service$3,982,028.55
Is there something missing? Send suggestions
