Updated Oct 28, 2024
Carol Joan Dore, Sheila Elvira Valorose, Lori Innes, And Craig Louis Dore Acquire Industrial Property In Pittsburg, CA For $4.35M
2225 Freed Avenue, Pittsburg, California 94565, United States
$4,350,000
$283/SF
Building Size
15,360 SF
Asset Type
Industrial
Closing
Jun 22, 2022
About this deal
AI
The industrial property located at 2225 Freed Way in Pittsburg, CA has been sold in a recent transaction. The property spans an area of 15,360 square feet and was sold for a total price of $4,350,000. This translates to a price per square foot of $283.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $4,350,000
- Address: 2225 Freed Way, Pittsburg, CA
- Market: Pittsburg, CA
- Buyer: Carol Joan Dore, Sheila Elvira Valorose, Lori Innes & Craig Louis Dore
- Seller: Frecia Co
The buyer group consisting of Carol Joan Dore, Sheila Elvira Valorose, Lori Innes, and Craig Louis Dore, has acquired the property from the seller, Frecia Co. This transaction marks a successful deal in the industrial property market in Pittsburg, CA.
Players
Pittsburg 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
3.65%
Cash-on-Cash
-1.04%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93