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
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.
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