Updated Jan 2, 2025
First Industrial Realty Trust Acquires Industrial Property In San Leandro For $12.3M
2085 Burroughs Avenue, San Leandro, CA, USA
$12,300,000
$196/SF
Building Size
62,474 SF
Asset Type
Industrial
Closing
Apr 4, 2021
About this deal
AI
An industrial property located at 2085 Burroughs Avenue in San Leandro has been sold for a price of $12,300,000. The property spans 62,474 square feet, giving it a price per square foot of $197. This transaction took place on 04/05/2021.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $12,300,000
- Address: 2085 Burroughs Avenue, San Leandro
- Market: San Leandro
The buyer of this industrial property is First Industrial Realty Trust.
This transaction involved Scott Musil, David Harker, Peter E. Baccile, Peter Schultz, and Johannson Yap.
Players
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
1.29%
Cash-on-Cash
-0.37%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93