Updated Oct 28, 2024
SOLDIndustrial
Jeffrey M. Woods Acquires Warehouse In Discovery Bay, CA For $22M
2400 Newport Drive, Discovery Bay, California 94505, United States
$22,000,000
Building Size
—
Asset Type
Industrial
Closing
Jun 7, 2022
About this deal
AI
The warehouse located at 1 Park and Ride CT, 2401 Newport Dr & 2400 Newport Dr in Discovery Bay, CA has been sold in a transaction on June 8, 2022. The property was sold for a price of $22,000,000.
Summary of transaction details
- Property Type: Warehouse
- Transaction Amount: $22,000,000
- Address: 1 Park and Ride CT, 2401 Newport Dr & 2400 Newport Dr, Discovery Bay, CA
The buyer of the property is Jeffrey M. Woods and the seller is Ken Inc.
Players
Discovery Bay Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.72%
Cash-on-Cash
-0.21%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93