LEASEDIndustrial
First Industrial Realty Trust, Inc. Signs NNN Lease In San Francisco Industrial Deal
Building Size
1,015,791 SF
Asset Type
Industrial
Closing
Mar 21, 2024
AI
The industrial property located at 6201 S. Newcastle Road in San Francisco spans across 1,015,791 square feet, and it was subject to an NNN Lease agreement. The landlord of this property is First Industrial Realty Trust, Inc.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not provided
- Market: San Francisco
- Address: 6201 S. Newcastle Road
- Asset Type: Industrial
- Size: 1,015,791 SF
Representing the transaction were brokers Mike Goldstein, SIOR, Ryan McShane, SIOR, and Gregory O'Leary, SIOR from Colliers International.
Players
Market Industrial Market Snapshot
Boundary boundary · Industrial · Lease transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93