Updated Dec 21, 2023
Tourage Soleimani Md & Abraham Shofet Acquires Industrial Property In Oakland, CA For $28.65M
10700 Macarthur Boulevard, Oakland, California 94605, United States
$28,650,000
$3,521/SF
Building Size
8,136 SF
Asset Type
Industrial
Closing
Jan 19, 2022
About this deal
AI
Located at 10700 Macarthur Blvd in Oakland, CA, this industrial property was recently sold in a closed transaction. The property spans 8,136 square feet and was sold for a price of $28,650,000, resulting in a price per square foot of $3,521. The buyer of the property was Tourage Soleimani Md & Abraham Shofet, while the seller was Joshua D. Kaplan.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $28,650,000
The buyer of the property, Tourage Soleimani Md & Abraham Shofet, acquired this industrial property located at 10700 Macarthur Blvd in Oakland, CA. On the other hand, Joshua D. Kaplan served as the seller in this transaction.
Players
Oakland 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
0.55%
Cash-on-Cash
-0.16%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93