Updated Oct 28, 2024
Lift Partners Acquires Industrial Property In Menlo Park, CA For $25M
3575 Haven Avenue, Menlo Park, California 94025, United States
$25,000,000
$675/SF
Building Size
37,000 SF
Asset Type
Industrial
Closing
Sep 13, 2022
About this deal
AI
The industrial property located at 3575 Haven Avenue in Menlo Park, CA has been sold for a total of $25,000,000. The property spans approximately 37,000 square feet, resulting in a price per square foot (PPSF) of $676. Michael Murray, representing Lift Partners, was the buyer in this transaction.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $25,000,000
- SF: 37,000
- PPSF: $676
- Buyer: Lift Partners - Michael Murray
Michael Murray, acting as Lift Partners' representative, finalized the purchase of this industrial property located at 3575 Haven Avenue in Menlo Park, CA. This transaction exemplifies Lift Partners' focus on investing in industrial assets.
Redwood City 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
0.63%
Cash-on-Cash
-0.18%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93