Updated Oct 29, 2024
CIP Real Estate Acquires Industrial Portfolio In Fremont, California For $103.5M
46701 Fremont Blvd, Fremont, CA 94538
$103,500,000
$293/SF
Building Size
352,280 SF
Asset Type
Industrial
Closing
Aug 14, 2023
About this deal
AI
A industrial property in Fremont, California has been sold for $103,500,000. The property, located at 46701-46717, 46721-46735, 46741-46759, 46700-46734, 46771-46791, 46280 & 46750 Fremont Boulevard & 4005-4025, 4051-4065, 4027-4047, 4020 4030, 4032-4038, 4040-4046, 4109-4125 & 4110-4124 Clipper Ct, spans a total area of 352,280 square feet, with a price per square foot of $294.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $103,500,000
- Address: 46701-46717, 46721-46735, 46741-46759, 46700-46734, 46771-46791, 46280 & 46750 Fremont Boulevard & 4005-4025, 4051-4065, 4027-4047, 4020 4030, 4032-4038, 4040-4046, 4109-4125 & 4110-4124 Clipper Ct
- Market: Fremont, California
The sale was facilitated by Newmark brokers Steven Golubchik, Edmund Najera, Darren Hollak, and Jonathan Schaefler on behalf of the buyer, CIP Real Estate, and the seller, Canyon Partners.
On the Map
$103,500,000
$293/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
0.15%
Cash-on-Cash
-0.04%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93