Updated Oct 29, 2024
Atum Biotechnology Acquires Industrial Property On Central Ave, Newark For $8.8M
8484 Central Ave, Newark, CA 94560, USA
$8,800,000
$21/SF
Building Size
401,360 SF
Asset Type
Industrial
Closing
Sep 10, 2020
About this deal
AI
The industrial property located at 8484 Central Ave in Newark has been sold. The transaction took place on September 11, 2020. The property, spanning 40,136 square feet, was acquired at a price of $8,800,000, resulting in a price per square foot of $219. The buyer of the property is Atum Biotechnology, while the seller is QQE Properties.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $8,800,000
- Square Footage: 40,136
- Address: 8484 Central Ave, Newark
Brian Mason from Avison Young and Jeff Powers from Cushman & Wakefield represented the buyer, Atum Biotechnology, in this transaction. On the other hand, Todd Severson from Colliers International acted as the seller's representative, representing QQE Properties.
On the Map
$8,800,000
$21/SF
Industrial
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Players
Newark 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
1.80%
Cash-on-Cash
-0.52%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93