Updated Oct 28, 2024
Terreno Realty Corporation Acquires 104,000 SF Industrial Property In San Leandro For $34.6M
2953 Teagarden Street, San Leandro, California 94577, United States
$34,600,000
$332/SF
Building Size
104,000 SF
Asset Type
Industrial
Closing
May 31, 2022
About this deal
AI
The industrial property located at 2953-2999 & 3041-3057 Teagarden Street in San Leandro has been sold. This property spans across 4.2 acres and is part of the local industrial market.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $34,600,000
- Address: 2953-2999 & 3041-3057 Teagarden Street, San Leandro
- Market: San Leandro
- Acres: 4.2
The buyer in this transaction was Terreno Realty Corporation. The property was sold for a price of $34,600,000, resulting in a sale price per square foot of $332. The property comprises 104,000 square feet of space. The capitalization rate for this transaction was 3.5%.
Players
San Leandro 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