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Bijan Chansari Acquires Industrial Property In Fremont For $5.9M

Property Image
SOLD
$5,866,000

California

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Industrial20,620 SF
Sold 07/16/2021
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Property Image
SOLD

Bijan Chansari Acquires Industrial Property In Fremont For $5.9M

3241 Darby Com, Fremont, CA, USA

See Similar Deals
Industrial20,620 SF
Sold 07/16/2021
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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.

Players

4 deals$122.1M volume
SELLER

Details

SOLD
IMAGE: Bijan Chansari DATE: 07/16/2021 ADDRESS: 3241 Darby Cmn. MARKET: Fremont ASSET TYPE: Industrial BUYER: Bijan Chansari SELLER: Marsha Joyce Witkin, Jonathan Mathew Witkin, Michael Smith & Jackie Smith PRICE: $5,866,000 SF: 20,620 ~ PPSF: $284

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Deal Type
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