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5901 San Leandro Street

CenterPoint Sells Industrial Property In Oakland For $31.9M With Brokers Mark Maguire, Nick Mascheroni, And Justin Smutko - Colliers International
SOLDIndustrial

CenterPoint Sells Industrial Property In Oakland For $31.9M With Brokers Mark Maguire, Nick Mascheroni, And Justin Smutko - Colliers International

5901 San Leandro Street

$31,900,000

$244/SF

Building Size

130,513 SF

Asset Type

Industrial

Closing

Feb 6, 2024

AI

The industrial property located at 5901 San Leandro Street in Oakland was recently sold for a total price of $31,900,000. This property spans across 130,513 square feet, resulting in a price per square foot of $244. The transaction took place on February 6, 2024.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $31,900,000
  • Address: 5901 San Leandro Street, Oakland
  • Market: Oakland
  • Size: 130,513 square feet
  • Price per Square Foot: $244

The seller of the property was CenterPoint. Colliers International represented the seller in this transaction, with Mark Maguire, Nick Mascheroni, and Justin Smutko acting as the brokers.

Players

Mark Maguire

Colliers

Broker

$31.9M

vol

1 deal

Broker

Oakland 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

0.50%

Cash-on-Cash

-0.14%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93