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409 13th Street, Oakland, C...

Highbridge Equity Partners Refinances Oakland Office Portfolio For $111M Loan
FINANCEDOffice

Highbridge Equity Partners Refinances Oakland Office Portfolio For $111M Loan

409 13th Street, Oakland, California 94612, United States

$111,000,000

$370/SF

Building Size

300,000 SF

Asset Type

Office

Closing

Jan 27, 2022

AI

Highbridge Equity Partners recently completed a refinance loan for an office property in Oakland. The property, located at 409 13th Street, 1500 Broadway, and 405 14th St., spans a total of 300,000 square feet. The loan amount for this transaction was $111,000,000, and it was a 5-year, floating rate loan.

Summary of transation details:

  • Property Type: Office
  • Transaction Amount: $111,000,000
  • Address: 409 13th Street, 1500 Broadway, 405 14th St.
  • Market: Oakland
  • Loan Type: Refinance Loan
  • Loan Terms: 5-year, floating rate

The financing for this transaction was facilitated by Brad Zampa & Mike Walker from CBRE Capital Markets, who represented the borrower. The deal was successfully executed by Highbridge Equity Partners, the landlord involved in the transaction.

Players

Bradford Zampa

CBRE

Broker

$2.2B

vol

21 deals

Broker
HP
Highbridge Equity PartnersLandlord

Oakland 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