Updated Jan 2, 2025
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
About this deal
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.
On the Map
$15,525,000
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
1.02%
Cash-on-Cash
-0.29%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93