EverWest Acquires Industrial Property In San Lorenzo For $35M
2480 Baumann Avenue, San Lorenzo, California 94580, United States
$35,000,000
$287/SF
Building Size
121,690 SF
Asset Type
Industrial
Closing
Oct 26, 2022
AI
The industrial property located at 2480-2488 Baumann Avenue in San Lorenzo has been sold for a total price of $35,000,000. The property spans across 6.6 acres and offers a total square footage of 121,690. The sale was finalized on October 27, 2022. Rick Stone captured an image of the property.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $35,000,000
- Address: 2480-2488 Baumann Avenue, San Lorenzo
- Market: San Lorenzo
- Acres: 6.6
- Buyer: EverWest - Rick Stone
In this exchange, Rick Stone, representing EverWest, acted as the buyer. No further details regarding the transaction were provided.
Players
San Lorenzo 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
0.45%
Cash-on-Cash
-0.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93