Gadsden Growth Properties Acquires Mixed-Use Property In Fremont For $40M
2501 Comack Road, Fremont, California 94539, United States
$40,000,000
Building Size
—
Asset Type
Mixed-use
Closing
Feb 8, 2022
AI
The mixed-use property located at 2501 Cormack Road in Fremont has been sold for a price of $40,000,000. The property spans over an area of 13 acres and consists of 158 units. The per unit price for the transaction was $253,164.
Summary of transation details
- Property Type: Mixed-use
- Transaction Amount: $40,000,000
- Address: 2501 Cormack Road
- Market: Fremont
- Acres: 13
- Units: 158
- Price Per Unit: $253,164
The buyer in this transaction was Gadsden Growth Properties, while the seller was Parkview Financial represented by Paul Rahimian.
Fremont Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.40%
Cash-on-Cash
-0.11%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93