Marc Brutten, Donald H. Ankeny & Matthew Bateman Acquire Industrial Property In San Leandro For $15M
SOLD
$15,000,000
California
See Similar DealsIndustrial79,629 SF
Sold 03/29/2021
SOLD
Marc Brutten, Donald H. Ankeny & Matthew Bateman Acquire Industrial Property In San Leandro For $15M
2300 Polvorosa Avenue, San Leandro, CA, USA
See Similar DealsIndustrial79,629 SF
Sold 03/29/2021
Summary
CALIFORNIA
Asset Type:Industrial
Price Per Square Foot:$188
Total Square Footage:79,629 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$799,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$53,291.84
Cash-on-Cash Return-1.27%
Monthly Debt Service$71,107.65
Annual Debt Service$853,291.83
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