John Quinn & Richard Poolis Of First Industrial Realty Trust Acquire Industrial Asset For $10.625M
415 Aldo Avenue
$10,625,000
$1,073/SF
Building Size
9,896 SF
Asset Type
Industrial
Closing
Jul 14, 2025
AI
The property asset involved in this transaction is an industrial asset located at 415 Aldo Avenue in the Silicon Valley market. It was sold for a transaction amount of $10,625,000. The total square footage of the property is 9,896, resulting in a price per square foot of $1,073.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $10,625,000
- Square Footage: 9,896
- Price per Square Foot: $1,073
- Address: 415 Aldo Avenue
- Market: Silicon Valley
- Buyer: John Quinn & Richard Poolis - First Industrial Realty Trust, Inc.
- Buyer’s Representative: Ray Devlin - Colliers
- Seller’s Representative: Mark Biagini - Biagini Properties Inc.
The key individuals involved in this transaction are John Quinn and Richard Poolis representing the buyer, First Industrial Realty Trust, Inc. Ray Devlin acted as the representative for the buyer, while Mark Biagini represented the seller in this deal, ensuring a smooth transaction process between both parties.
Players
Santa Clara 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
1.49%
Cash-on-Cash
-0.43%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93