CenterPoint Properties Acquires 13.7 Acres Of Industrial Land In Fremont For $86M
SOLD
$86,000,000
California
See Similar DealsIndustrial208,180 SF
Sold 02/10/2022
SOLD
CenterPoint Properties Acquires 13.7 Acres Of Industrial Land In Fremont For $86M
41099 Boyce Road, Fremont, California 94538, United States
See Similar DealsIndustrial208,180 SF
Sold 02/10/2022
Summary
CALIFORNIA
Asset Type:Industrial
Price Per Square Foot:$413
Total Square Footage:208,180 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$4,586,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$305,539.83
Cash-on-Cash Return-1.27%
Monthly Debt Service$407,683.88
Annual Debt Service$4,892,206.50
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