Sutter Health Acquires Industrial Property In Hercules For $15.24M
SOLD
$15,239,360
California
See Similar DealsIndustrial49,805 SF
Sold 03/04/2024
SOLD
Sutter Health Acquires Industrial Property In Hercules For $15.24M
200 Linus Pauling Drive
See Similar DealsIndustrial49,805 SF
Sold 03/04/2024
Summary
CALIFORNIA
Asset Type:Industrial
Price Per Square Foot:$306
Total Square Footage:49,805 SF
Transaction Type:Sale
The industrial property located at 200 Linus Pauling Drive in Hercules was sold in a recent transaction. The property spans 49,805 square feet and was acquired by Sutter Health from Multiple Organics. The sale price for this asset was $15,239,360, reflecting a price per square foot of $306.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $15,239,360
- Buyer: Sutter Health
- Seller: Multiple Organics
- Address: 200 Linus Pauling Drive
- Market: Hercules
The transaction was facilitated by Kevin Hatcher and Austin Hinder from CBRE, who represented the buyer and seller in this deal.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$812,765.87
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$54,142.22
Cash-on-Cash Return-1.27%
Monthly Debt Service$72,242.34
Annual Debt Service$866,908.09
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