Bijan Chansari Acquires Industrial Property In Fremont For $5.9M
SOLD
$5,866,000
California
See Similar DealsIndustrial20,620 SF
Sold 07/16/2021
SOLD
Bijan Chansari Acquires Industrial Property In Fremont For $5.9M
3241 Darby Com, Fremont, CA, USA
See Similar DealsIndustrial20,620 SF
Sold 07/16/2021
Summary
CALIFORNIA
Asset Type:Industrial
Price Per Square Foot:$284
Total Square Footage:20,620 SF
Transaction Type:Sale
Bijan Chansari has purchased an industrial property located at 3241 Darby Cmn in Fremont. The property spans 20,620 square feet and was sold for a price of $5,866,000, resulting in a per square foot price of $284.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $5,866,000
- Address: 3241 Darby Cmn
- Market: Fremont
- Buyer: Bijan Chansari
- Seller: Marsha Joyce Witkin, Jonathan Mathew Witkin, Michael Smith & Jackie Smith
The acquisition was made by Bijan Chansari. Marsha Joyce Witkin, Jonathan Mathew Witkin, Michael Smith, and Jackie Smith acted as the sellers in this transaction. This deal marks an important milestone for both parties involved.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$312,853.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$20,840.67
Cash-on-Cash Return-1.27%
Monthly Debt Service$27,807.83
Annual Debt Service$333,693.99
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