Updated Oct 28, 2024
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
About this deal
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.
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