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
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