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
Oakland Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
Loading comparables…
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