Provender Partners Acquires Industrial Property In Oakland For $26M With Buyer's Rep Neil A. Johnson
SOLD
$26,000,000
California
See Similar DealsIndustrial160,000 SF
Sold 08/25/2020
SOLD
Provender Partners Acquires Industrial Property In Oakland For $26M With Buyer's Rep Neil A. Johnson
940 81st Avenue, Oakland, CA, USA
See Similar DealsIndustrial160,000 SF
Sold 08/25/2020
Summary
CALIFORNIA
Asset Type:Industrial
Price Per Square Foot:$162
Total Square Footage:160,000 SF
Transaction Type:Sale
The industrial property located at 860 & 940 81st Avenue in Oakland has been sold for a price of $26,000,000. The property spans across 160,000 square feet, resulting in a price per square foot of $162.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $26,000,000
- Property Address: 860 & 940 81st Avenue
- Market: Oakland
Provender Partners, represented by Neil A. Johnson, has acquired the property. The deal was facilitated by CBRE brokers, Art Rasmussen and David Norrie.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,386,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$92,372.50
Cash-on-Cash Return-1.27%
Monthly Debt Service$123,253.26
Annual Debt Service$1,479,039.17
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