Updated Nov 27, 2024
North Palisade Partners Acquires Industrial Property In Fremont For $8M
300 Whitney Place, Fremont, California 94539, United States
$8,000,000
$190/SF
Building Size
42,000 SF
Asset Type
Industrial
Closing
Jun 7, 2022
About this deal
AI
Ed Hofer of Colliers International represented North Palisade Partners in the sale of an industrial property located at 300 Whitney Place in Fremont. The property spans 2.2 acres and is valued at $8,000,000. The sale included a building with a total square footage of 42,000, resulting in a price per square foot of $190. The seller of the property was Blackstone.
Summary of Transaction Details
- Property Type: Industrial
- Transaction Amount: $8,000,000
- Address: 300 Whitney Place
- Market: Fremont
- Acres: 2.2
Ed Hofer, a representative from Colliers International, facilitated the deal between North Palisade Partners and Blackstone for the sale of the industrial property. This transaction highlights the involvement of key individuals and companies in the real estate market.
Players
Fremont 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
1.98%
Cash-on-Cash
-0.57%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93