Updated Jan 2, 2025
First Industrial Acquires Industrial Property In Fremont For $9.1M
4170 Business Center Dr, Fremont, CA 94538, USA
$9,100,000
$235/SF
Building Size
38,692 SF
Asset Type
Industrial
Closing
Apr 26, 2020
About this deal
AI
The industrial property located at 4170 Business Center Dr. in Fremont has been sold for $9,100,000. The property spans a total area of 38,692 square feet, resulting in a price per square foot of $235. The transaction took place on the date of April 27, 2020.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $9,100,000
- Address: 4170 Business Center Dr.
- Market: Fremont
- Buyer: First Industrial
- Buyer's Representative: Century 21
- Seller's Representative: Joe Yamin - Colliers
- Square Footage: 38,692
- Price Per Square Foot: $235
The buyer in this transaction was First Industrial and they were represented by Century 21. The seller's representative in this deal was Joe Yamin from Colliers. This sale demonstrates the strong demand for industrial properties in Fremont's market.
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
1.74%
Cash-on-Cash
-0.50%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93