Marc Brutten, Donald H. Ankeny & Matthew Bateman Acquire Industrial Property In San Leandro For $15M
2300 Polvorosa Avenue, San Leandro, CA, USA
$15,000,000
$188/SF
Building Size
79,629 SF
Asset Type
Industrial
Closing
Mar 28, 2021
AI
A 79,629 square foot industrial property located at 2300 Polvorosa Ave in San Leandro has been sold on March 29, 2021, for a total of $15,000,000. The property was purchased by Marc Brutten, Donald H. Ankeny, and Matthew Bateman from Westcore Properties.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $15,000,000
- Address: 2300 Polvorosa Ave
- Market: San Leandro
Marc Brutten, Donald H. Ankeny, and Matthew Bateman, representing Westcore Properties, were the buyers in this transaction.
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
1.06%
Cash-on-Cash
-0.30%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93