Updated Oct 29, 2024
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
About this deal
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.
The industrial sale at 2300 Polvorosa Avenue, San Leandro, CA, USA in San Leandro, California sold for $15M in 2021. The building is 79,629 square feet, implying about 188 per square foot on the published price. Named participants on the 2300 Polvorosa Avenue, San Leandro, CA, USA sale are Marc Brutten, Donald H. Ankeny, Matthew Bateman. This page is the San Leandro, California file for the 2300 Polvorosa Avenue, San Leandro, CA, USA industrial sold: pricing, party profiles, and other closed industrial comps from the same San Leandro sit in the Market section below. Filter that San Leandro industrial set by closing date to see what else sold near 2300 Polvorosa Avenue, San Leandro, CA, USA around 2021. Published consideration for 2300 Polvorosa Avenue, San Leandro, CA, USA is $15M, dated 2021. Cite this Marc Brutten, Donald H. Ankeny & Matthew Bateman Acquire Industrial Property In San Leandro For $15M sale when underwriting similar industrial product around San Leandro, California.
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