Colliers Facilitates $6.8M Sale Of 25-unit Multifamily Property In San Leandro
SOLD
$6,800,000
California
See Similar DealsMultiFamily21,526 SF
Sold 09/07/2021
SOLD
Colliers Facilitates $6.8M Sale Of 25-unit Multifamily Property In San Leandro
16424 Foothill Boulevard, San Leandro, CA, USA
See Similar DealsMultiFamily21,526 SF
Sold 09/07/2021
Summary
CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$315
Total Square Footage:21,526 SF
Transaction Type:Sale
The multifamily property located at 16424 Foothill Ave in San Leandro has been sold for $6,800,000. The transaction took place on September 7, 2021. The property occupies an area of 1.16 acres and consists of 25 units. The price per unit (PPU) is $275,000, and the total square footage (SF) of the property is 21,526. The price per square foot (PPSF) is $315. The sale was facilitated by Rich Martini from Colliers International.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $6,800,000
- Address: 16424 Foothill Ave
- Market: San Leandro
- Number of Units: 25
- Acres: 1.16
Rich Martini from Colliers International represented the parties involved in this sale. Their expertise and negotiation skills played a crucial role in completing the transaction successfully.
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Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$362,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$24,158.96
Cash-on-Cash Return-1.27%
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Annual Debt Service$386,825.63
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