Updated Oct 28, 2024
Swift Real Estate Partners Acquires Office Building In Oakland For $327M
1111 Broadway, Broadway, Oakland, CA, USA
$327,000,000
$577/SF
Building Size
565,900 SF
Asset Type
Office
Closing
Aug 20, 2020
About this deal
AI
The office property located at 1111 Broadway in Oakland has been sold for a price of $327,000,000. Spanning across 565,900 square feet, the property was acquired by Swift Real Estate Partners. The sale of this asset took place on August 20, 2021.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $327,000,000
- Square Footage: 565,900
- Address: 1111 Broadway
- Market: Oakland
Swift Real Estate Partners, represented by Christopher Peatross, acted as the buyer in this transaction. Christopher Peatross is the designated representative of Swift Real Estate Partners in this deal.
On the Map
$327,000,000
$577/SF
Office
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Oakland Office Market Snapshot
Boundary boundary · Office · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.05%
Cash-on-Cash
-0.01%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93