FINANCEDOffice
Longfellow Real Estate Partners Secures $113.6M Construction Loan For Emeryville Office Building
1650 65th Street, Emeryville, California 94608, United States
$113,600,000
$568/SF
Building Size
200,000 SF
Asset Type
Office
Closing
Aug 14, 2022
AI
The property involved in this closed transaction is an office located at 1650 65th Street in Emeryville. It spans across 200,000 square feet and is owned by Longfellow Real Estate Partners, represented by Adam Sichol.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $113,600,000
- Address: 1650 65th Street
- Market: Emeryville
- Landlord: Longfellow Real Estate Partners - Adam Sichol
- Loan Type: Construction
The loan obtained for this property amounted to $113,600,000 and is classified as a construction loan.
Emeryville Office Market Snapshot
Boundary boundary · Office · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.14%
Cash-on-Cash
-0.04%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93