BioMed Realty Acquires Industrial Property On Eccles Avenue In South San Francisco For $80M
SOLD
$80,000,000
California
See Similar DealsIndustrial
Sold 11/01/2022
SOLD
BioMed Realty Acquires Industrial Property On Eccles Avenue In South San Francisco For $80M
513 Eccles Avenue, South San Francisco, California 94080, United States
See Similar DealsIndustrial
Sold 11/01/2022
Summary
CALIFORNIA
Asset Type:Industrial
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$4,266,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$284,223.09
Cash-on-Cash Return-1.27%
Monthly Debt Service$379,240.81
Annual Debt Service$4,550,889.77
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