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1026 Bransten Road, San Car...

The Minkoff Group Acquires Industrial Property In San Carlos From CEMEX USA For $33M
SOLDIndustrial

The Minkoff Group Acquires Industrial Property In San Carlos From CEMEX USA For $33M

1026 Bransten Road, San Carlos, California 94070, United States

$33,000,000

Building Size

Asset Type

Industrial

Closing

Jun 6, 2022

AI

1026 Bransten Road, located in San Carlos, was recently sold for a staggering $33,000,000. The 2.4-acre industrial property exchanged hands in a closed transaction. The sale was completed on 06/07/2022 and the buyer was The Minkoff Group, represented by Will Birdsey. The seller of the property was CEMEX USA.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $33,000,000
  • Address: 1026 Bransten Road
  • Market: San Carlos
  • Buyer: The Minkoff Group - Will Birdsey
  • Seller: CEMEX USA
  • Date: 06/07/2022
  • Acres: 2.4

The Minkoff Group, with Will Birdsey as their representative, was the buyer of this prime industrial property. CEMEX USA, on the other hand, sold the property to The Minkoff Group. This transaction marks an important agreement in the San Carlos market, showcasing the demand for industrial properties in the area.

Players

TG
The Minkoff GroupBuyer

San Carlos Industrial Market Snapshot

Boundary boundary · Industrial · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.48%

Cash-on-Cash

-0.14%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93