Updated Oct 29, 2024
Provender Partners Acquires Industrial Property In Oakland For $26M With Buyer's Rep Neil A. Johnson
940 81st Avenue, Oakland, CA, USA
$26,000,000
$162/SF
Building Size
160,000 SF
Asset Type
Industrial
Closing
Aug 24, 2020
About this deal
AI
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.
The industrial sale at 940 81st Avenue, Oakland, CA, USA in Oakland, California sold for $26M in 2020. The building is 160,000 square feet, implying about 162 per square foot on the published price. David Norrie, Art Rasmussen, Neil A. Johnson, CBRE appear on the sale alongside CBRE. This page is the Oakland, California file for the 940 81st Avenue, Oakland, CA, USA industrial sold: pricing, party profiles, and other closed industrial comps from the same Oakland sit in the Market section below. Filter that Oakland industrial set by closing date to see what else sold near 940 81st Avenue, Oakland, CA, USA around 2020. Published consideration for 940 81st Avenue, Oakland, CA, USA is $26M, dated 2020. Cite this Provender Partners Acquires Industrial Property In Oakland For $26M With Buyer's Rep Neil A. Johnson sale when underwriting similar industrial product around Oakland, California.
Players
Oakland 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
0.61%
Cash-on-Cash
-0.17%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93