Updated Jan 2, 2025
First Industrial Acquires Development Site In Hayward For $7.1M
3764 Depot Road, Hayward, CA, USA
$7,100,000
Building Size
—
Asset Type
Development Site
Closing
Feb 22, 2021
About this deal
AI
The development site located at 3764 Depot Road in Hayward was recently sold for a price of $7,100,000. The property, which is part of the market in Hayward, was purchased by First Industrial.
Summary of transaction details
- Property Type: Development site
- Transaction Amount: $7,100,000
- Address: 3764 Depot Road, Hayward
The sale of this development site involved the following individuals and companies: Scott Musil, David Harker, Peter E. Baccile, Peter Schultz, and Johannson Yap.
The development site sale at 3764 Depot Road, Hayward, CA, USA in Hayward, California sold for $7.1M in 2021. 3764 Depot Road, Hayward, CA, USA is classified as Development Site on Traded. First Industrial Realty Trust appears on the sale alongside First Industrial Realty Trust. This page is the Hayward, California file for the 3764 Depot Road, Hayward, CA, USA development site sold: pricing, party profiles, and other closed development site comps from the same Hayward sit in the Market section below. Filter that Hayward development site set by closing date to see what else sold near 3764 Depot Road, Hayward, CA, USA around 2021. Published consideration for 3764 Depot Road, Hayward, CA, USA is $7.1M, dated 2021. Cite this First Industrial Acquires Development Site In Hayward For $7.1M sale when underwriting similar development site product around Hayward, California.
Players
Hayward Development Site Market Snapshot
Boundary boundary · Development Site · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.23%
Cash-on-Cash
-0.64%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93