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415 Aldo Avenue

John Quinn & Richard Poolis Of First Industrial Realty Trust Acquire Industrial Asset For $10.625M
SOLDIndustrial

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

Ray Devlin

Colliers

Broker

$21.2M

vol

2 deals

Broker
Colliers
ColliersBrokerage

John Quinn

Buyer

$51.1M

vol

4 deals

Buyer

Santa Clara 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

1.49%

Cash-on-Cash

-0.43%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93