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
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.
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