Updated Dec 20, 2023
Nima Gabbay Acquires Industrial Property In Richmond, CA For $6M
720 Harbour Way South, Richmond, California 94804, United States
$6,000,500
$170/SF
Building Size
35,230 SF
Asset Type
Industrial
Closing
May 12, 2022
About this deal
AI
The industrial property located at 720 Harbour Way S in Richmond, CA was recently sold in a transaction on May 13, 2022. The property spans a total area of 35,230 square feet.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $6,000,500
- Price per Square Foot: $170
Nima Gabbay acted as the buyer in this transaction, while William O'connell was the seller.
The industrial sale at 720 Harbour Way South, Richmond, California 94804, United States in Richmond, California sold for $6M in 2022. The building is 35,230 square feet, implying about 170 per square foot on the published price. This page is the Richmond, California file for the 720 Harbour Way South, Richmond, California 94804, United States industrial sold: pricing, party profiles, and other closed industrial comps from the same Richmond sit in the Market section below. Filter that Richmond industrial set by closing date to see what else sold near 720 Harbour Way South, Richmond, California 94804, United States around 2022. Published consideration for 720 Harbour Way South, Richmond, California 94804, United States is $6M, dated 2022. Cite this Nima Gabbay Acquires Industrial Property In Richmond, CA For $6M sale when underwriting similar industrial product around Richmond, California.
Players
Richmond 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
2.64%
Cash-on-Cash
-0.76%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93