CIP Real Estate Acquires Industrial Portfolio In Fremont, California For $103.5M
SOLD
$103,500,000
+ 1
California
See Similar DealsIndustrial352,280 SF
Sold 08/14/2023
SOLD
CIP Real Estate Acquires Industrial Portfolio In Fremont, California For $103.5M
46701 Fremont Blvd, Fremont, CA 94538
See Similar DealsIndustrial352,280 SF
Sold 08/14/2023
+ 1
Summary
CALIFORNIA
Asset Type:Industrial
Price Per Square Foot:$293
Total Square Footage:352,280 SF
Transaction Type:Sale
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.
Players
BUYER
SELLER
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$5,520,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$367,713.64
Cash-on-Cash Return-1.27%
Monthly Debt Service$490,642.80
Annual Debt Service$5,887,713.64
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