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24200 Clawiter Road, Haywar...

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

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

24200 Clawiter Road, Hayward, California 94545, United States

$15,525,000

Building Size

Asset Type

Industrial

Closing

Mar 27, 2022

AI

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

Broker

$15.5M

vol

1 deal

Broker

Rich Poolis

First Industrial Realty Trust

Buyer

$40.4M

vol

3 deals

Buyer

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

1.02%

Cash-on-Cash

-0.29%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93