First Industrial Realty Trust Acquires Industrial Asset In San Leandro For $7.75M
14951 Catalina Street, San Leandro, California 94577, United States
$7,750,000
$518/SF
Building Size
14,935 SF
Asset Type
Industrial
Closing
Apr 7, 2022
AI
First Industrial Realty Trust has acquired an industrial property located at 14951 Catalina St. in San Leandro. The property, with a total area of 14,935 square feet, was sold by Reynolds & Brown to First Industrial Realty Trust for a price of $7,750,000. The transaction took place on April 8, 2022.
Summary of transation details
- Property Type: Industrial
- Transaction Amount: $7,750,000
- Square Footage: 14,935
- Address: 14951 Catalina St.
- Market: San Leandro
The deal was facilitated by Chris Van Keulen, Mike Barry, and Bob Ferraro from CBRE, who represented the buyer, First Industrial Realty Trust. On the seller's side, John Quinn, Rich Poolis, and Will Trapp from CBRE represented Reynolds & Brown in the transaction.
Players
San Leandro 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
2.05%
Cash-on-Cash
-0.58%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93