CenterPoint Sells Industrial Property In Oakland For $31.9M With Brokers Mark Maguire, Nick Mascheroni, And Justin Smutko - Colliers International
SOLD
$31,900,000
California
See Similar DealsIndustrial130,513 SF
Sold 02/06/2024
SOLD
CenterPoint Sells Industrial Property In Oakland For $31.9M With Brokers Mark Maguire, Nick Mascheroni, And Justin Smutko - Colliers International
5901 San Leandro Street
See Similar DealsIndustrial130,513 SF
Sold 02/06/2024
Summary
CALIFORNIA
Asset Type:Industrial
Price Per Square Foot:$244
Total Square Footage:130,513 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,701,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$113,333.96
Cash-on-Cash Return-1.27%
Monthly Debt Service$151,222.27
Annual Debt Service$1,814,667.30
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