facebook
Traded Co logo
Submit

First Industrial Realty Trust Acquires Industrial Property In Hayward For $15.5M

Property Image
SOLD
$15,525,000
Ryan Martens
Jesse Lucas
Craig Hagglund
+ 3

California

See Similar Deals
Industrial
Sold 03/28/2022
the dealplayerscompscontact
Property Image
SOLD

First Industrial Realty Trust Acquires Industrial Property In Hayward For $15.5M

24200 Clawiter Road, Hayward, California 94545, United States

See Similar Deals
Industrial
Sold 03/28/2022
Ryan Martens
Jesse Lucas
Craig Hagglund
+ 3
the dealplayerscompscontact
Contact now

Summary

CALIFORNIA
Asset Type:Industrial
Transaction Type:Sale

A 4.1-acre industrial property located at 24200 Clawiter Rd in Hayward has been sold for a price of $15,525,000. The transaction took place on 03/28/2022. The property was sold by American Asphalt.

Summary of transaction details

  • Property Type: Industrial
  • Transaction Amount: $15,525,000

The buyer of the property is First Industrial Realty Trust, represented by John Quinn, Rich Poolis, and Will Trapp. More information about them can be found on their respective LinkedIn profiles: John Quinn (www.linkedin.com/in/john-quinn-0b32909), Rich Poolis (www.linkedin.com/in/richard-y-poolis-52608219), and Will Trapp (www.linkedin.com/in/william-trapp-46299b20b).

Jesse Lucas, Ryan Martens, and Craig Hagglund from Lee & Associates served as the brokers representing the buyer and seller in this transaction.

Players

Jesse Lucas
Lee & Associates
Jesse Lucas
1 deal$15.5M volume
BROKER
Ryan Martens
Lee & Associates
Ryan Martens
1 deal$15.5M volume
BROKER
Craig Hagglund
Lee & Associates
Craig Hagglund
2 deals$35.6M volume
BROKER
RP
First Industrial Realty Trust
Rich Poolis
3 deals$40.4M volume
BUYER
JQ
First Industrial Realty Trust
John Quinn
4 deals$51.1M volume
BUYER
WT
First Industrial Realty Trust
Will Trapp
2 deals$20.4M volume
BUYER

Details

SOLD
IMAGE: John Quinn, Rich Poolis & Will Trapp DATE: 03/28/2022 ADDRESS: 24200 Clawiter Rd. MARKET: Hayward ASSET TYPE: Industrial ~ ACRES: 4.1 BUYER: First Industrial Realty Trust - John Quinn (www.linkedin.com/in/john-quinn-0b32909), Rich Poolis (www.linkedin.com/in/richard-y-poolis-52608219) & Will Trapp (www.linkedin.com/in/william-trapp-46299b20b) SELLER: American Asphalt BROKERS: Jesse Lucas, Ryan Martens & Craig Hagglund - Lee & Associates SALE PRICE: $15,525,000

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$828,000.00

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$55,157.05
Cash-on-Cash Return-1.27%
Monthly Debt Service$73,596.42
Annual Debt Service$883,157.05