Diversified Healthcare Trust Acquires Industrial Property In Fremont For $82M
SOLD
$82,000,000
+ 3
California
See Similar DealsIndustrial89,000 SF
Sold 08/01/2022
SOLD
Diversified Healthcare Trust Acquires Industrial Property In Fremont For $82M
47071 Bayside Parkway, Fremont, California 94538, United States
See Similar DealsIndustrial89,000 SF
Sold 08/01/2022
+ 3
Summary
CALIFORNIA
Asset Type:Industrial
Price Per Square Foot:$921
Total Square Footage:89,000 SF
Transaction Type:Sale
Located in Fremont, the industrial property at 47071 Bayside Parkway has recently been sold in a closed transaction. The deal, which took place on 08/01/2022, involved the asset being purchased by Diversified Healthcare Trust. The property was previously owned by Graymark Capital and Jadian Capital.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $82,000,000
- Square Footage: 89,000
- Price per Square Foot: $926
- Address: 47071 Bayside Parkway, Fremont
Representing the buyer, Diversified Healthcare Trust, Adam Lasoff from JLL facilitated the transaction as the broker. The property's characteristics, including its price, square footage, and address, contribute to its appeal in the market.
Players
SELLER
SELLER
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$4,373,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$291,328.69
Cash-on-Cash Return-1.27%
Monthly Debt Service$388,721.83
Annual Debt Service$4,664,662.01
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