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1414 Harbour Way South, Ric...

Madison Capital & Meadow Partners Acquire Mixed-use Property In Richmond For $103.7M
SOLDIndustrial

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

Ryan Venezia

Cushman & Wakefield

Broker

$608.4M

vol

8 deals

Broker
Meadow Partners
Meadow PartnersBuyer
Meadow Partners
Meadow PartnersLender

Richmond 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

0.15%

Cash-on-Cash

-0.04%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93