Duke Realty Acquires Industrial Property In Oakland For $34M
3600 Alameda Avenue, Oakland, California 94601, United States
$34,000,000
$28/SF
Building Size
1,189,534 SF
Asset Type
Industrial
Closing
Jan 6, 2022
AI
Owens-Brockway Glass Container Inc. has sold an industrial property in Oakland, located at 3600 Alameda Avenue. The property spans 24 acres and was purchased by Duke Realty for a total of $34,000,000. The transaction was facilitated by CBRE.
Summary of transation details
- Property Type: Industrial
- Transaction Amount: $34,000,000
- Date: 01/06/2022
- Market: Oakland
- Buyer: Duke Realty - Drew Hess
- Seller: Owens-Brockway Glass Container Inc.
- Broker: CBRE
Drew Hess, representing Duke Realty, played a key role in the acquisition of this industrial property. The deal marks a significant transaction in Oakland's real estate market.
Players
Oakland 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
0.47%
Cash-on-Cash
-0.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93