Updated Oct 28, 2024
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
About this deal
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.
The office loan at 1650 65th Street, Emeryville, California 94608, United States in Emeryville, California financed for $113.6M in 2022. The building is 200,000 square feet, implying about 568 per square foot on the published price. Named participants on the 1650 65th Street, Emeryville, California 94608, United States loan are Adam Sichol. This page is the Emeryville, California file for the 1650 65th Street, Emeryville, California 94608, United States office financed: pricing, party profiles, and other closed office comps from the same Emeryville sit in the Market section below. Filter that Emeryville office set by closing date to see what else financed near 1650 65th Street, Emeryville, California 94608, United States around 2022. Published consideration for 1650 65th Street, Emeryville, California 94608, United States is $113.6M, dated 2022. Cite this Longfellow Real Estate Partners Secures $113.6M Construction Loan For Emeryville Office Building loan when underwriting similar office product around Emeryville, California.
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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