Updated Oct 29, 2024
CenterPoint Properties Acquires Fremont Property For $86 Million With Buyer's Rep Jordan Lara
41099 Boyce Rd, Fremont, CA, 94538
$86,000,000
$413/SF
Building Size
208,180 SF
Asset Type
Industrial
Closing
Nov 20, 2023
About this deal
AI
The property asset involved in this transaction is located at 41099 Boyce Rd, Fremont, CA 94538. CenterPoint Properties acquired this fully leased industrial property for $86,000,000.00. The property spans a total of 208,180 square feet and is situated on 13.7 acres. Key features include 28-foot clear heights and a fully secured site, appealing for industrial operations in the Fremont market.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $86,000,000.00
- Size: 208,180 square feet
- Location: 41099 Boyce Rd, Fremont, CA 94538
- Market: Fremont
- Buyer's Representative: Jordan Lara
- Buyer's Company: CenterPoint Properties
- Seller: Undisclosed
Jordan Lara of DAUM Commercial Real Estate Services represented CenterPoint Properties in this transaction. The deal was facilitated through the acquisition of two fully leased properties, highlighting the demand within the industrial sector in this area of Fremont.
On the Map
$86,000,000
$413/SF
Industrial
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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
0.18%
Cash-on-Cash
-0.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93