Madison Capital & Meadow Partners Acquire Mixed-use Property In Richmond For $103.7M
1414 Harbour Way South, Richmond, California 94804, United States
$103,700,000
$216/SF
Building Size
479,000 SF
Asset Type
Industrial
Closing
Jun 16, 2022
AI
The mixed-use property located at 1414 Harbour Way S. in Richmond has been sold in a transaction valued at $103,700,000. The property spans an area of 478,761 square feet, resulting in a price-per-square-foot of $216. The sale took place on 06/17/2022.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $103,700,000
- Address: 1414 Harbour Way S., Richmond
- Market: Richmond
The buyer of the property is Madison Capital and Meadow Partners, while Orton Development served as the seller. The deal was facilitated by Seth Siegel, Steve Hermann, Ryan Venezia, Rick Ryan, Kevin Flemming, Courtney Trunnell, Keith Padien, Ted Anderson, Andrew Schmieder, and Ryan Hattersley from Cushman & Wakefield.
Players
Richmond 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
0.15%
Cash-on-Cash
-0.04%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93