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14951 Catalina Street, San ...

First Industrial Realty Trust Acquires Industrial Asset In San Leandro For $7.75M
SOLDIndustrial

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

Chris van Keulen

CBRE

Broker

$42.8M

vol

2 deals

Broker
First Industrial Realty Trust
First Industrial Realty TrustBrokerage
First Industrial Realty Trust
First Industrial Realty TrustBuyer

San Leandro 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

2.05%

Cash-on-Cash

-0.58%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93