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41099 Boyce Road, Fremont, ...

CenterPoint Properties Acquires 13.7 Acres Of Industrial Land In Fremont For $86M
SOLDIndustrial

CenterPoint Properties Acquires 13.7 Acres Of Industrial Land In Fremont For $86M

41099 Boyce Road, Fremont, California 94538, United States

$86,000,000

$413/SF

Building Size

208,180 SF

Asset Type

Industrial

Closing

Feb 9, 2022

AI

A 13.7-acre industrial property located at 41099 Boyce Road in Fremont has been sold for $86,000,000. The transaction was completed on February 10, 2022. The property spans a total area of 208,180 square feet, resulting in a price per square foot of $413. The sale was facilitated by Jordan Lara of DAUM Commercial Real Estate Services, representing the buyer, CenterPoint Properties.

Summary of transaction details

  • Property Type: Industrial
  • Transaction Amount: $86,000,000
  • Address: 41099 Boyce Road, Fremont
  • Square Footage: 208,180

The buyer, CenterPoint Properties, was represented by Jordan Lara of DAUM Commercial Real Estate Services. This significant transaction highlights the demand for industrial properties in the Fremont market.

Players

Jordan Lara

Daum Commercial Real Estate Services

Broker

$292.8M

vol

7 deals

Broker
CenterPoint Properties
CenterPoint PropertiesBuyer

Fremont Industrial Market Snapshot

Boundary boundary · Industrial · Sale transactions

Loading comparables…

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