Updated Dec 3, 2024
Terreno Realty Acquires Industrial Property In San Leandro For $35M
22 Teagarden Street, San Leandro, California 94577, United States
$35,000,000
$330/SF
Building Size
106,000 SF
Asset Type
Industrial
Closing
Jun 15, 2022
About this deal
AI
The industrial property located at 22-24, 43 & 44 Teagarden Street in San Leandro has been sold in a closed transaction. The property was sold by Reynolds & Brown to Terreno Realty for a total price of $35,000,000. The property spans 106,000 square feet and was sold at a price per square foot of $330.
Summary of transaction details:
- Property Type: Industrial
- Sale Price: $35,000,000
- Square Footage: 106,000
- Price Per Square Foot: $330
- Address: 22-24, 43 & 44 Teagarden Street, San Leandro
- Market: San Leandro
The sale of this industrial property was facilitated by the brokers Michael Barry, Chris van Keulen, and Bob Ferraro from CBRE.
On the Map
$35,000,000
$330/SF
Industrial
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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
0.45%
Cash-on-Cash
-0.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93