BioMed Realty Acquires Industrial Property On Eccles Avenue In South San Francisco For $80M
513 Eccles Avenue, South San Francisco, California 94080, United States
$80,000,000
Building Size
—
Asset Type
Industrial
Closing
Oct 31, 2022
AI
The industrial property located at 513 Eccles Avenue in South San Francisco has been sold for $80,000,000. Spanning across 6 acres, this property was acquired by BioMed Realty, represented by Tim Schoen.
Summary of transaction details:
- Property Type: Industrial
- Sale Price: $80,000,000
- Address: 513 Eccles Avenue, South San Francisco
- Market: South San Francisco
- Buyer: BioMed Realty - Tim Schoen
The acquisition of this industrial property marks a significant investment by BioMed Realty, signaling their interest in expanding their presence in the South San Francisco market. With its prime location and 6 acres of land, this property offers ample space for industrial operations. Tim Schoen from BioMed Realty played a crucial role in representing the buyer throughout the transaction.
Players
South San Francisco 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
0.20%
Cash-on-Cash
-0.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93