Updated Dec 4, 2024
TPM Davis Acquires 132700 Square Foot Warehouse In Hayward From Bob Chapman For $34.7M
2376 Davis Avenue
$34,700,000
$261/SF
Building Size
132,700 SF
Asset Type
Industrial
Closing
Aug 15, 2024
About this deal
AI
TPM Davis purchased a 132,700-square-foot warehouse located at 2376 Davis Avenue in Hayward. The sale took place for a total amount of $34.7 million, reflecting a price per square foot of $261. The property spans 5.5 acres and includes 18 dock doors along with 1,400 square feet of office space.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $34,700,000
- Address: 2376 Davis Avenue
- Market: Hayward
- Square Footage: 132,700
- Price per Square Foot: $261
- Buyer: TPM Davis
- Seller: Bob Chapman - CenterPoint Properties Trust
This transaction marks a significant increase in value for the property, as it was purchased for $25.5 million four years ago. The deal highlights the evolving industrial market in the Hayward area.
On the Map
$34,700,000
$261/SF
Industrial
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Players
Hayward 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
0.46%
Cash-on-Cash
-0.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93