Stockbridge Capital Group Acquires Office Building In Alameda For $158.9M
1951 Harbor Bay Parkway, Alameda, California 94502, United States
$158,900,000
Building Size
—
Asset Type
Office
Closing
Mar 1, 2022
AI
The office property located at 1951 Harbor Bay Parkway in Alameda has been sold in a transaction for $158,900,000. The sale was completed on 03/02/2022.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $158,900,000
- Address: 1951 Harbor Bay Parkway
- Market: Alameda
The buyer in this transaction was Stockbridge Capital Group, while the sellers were srmERNST Development Partners and Hillwood Investment Properties.
Terry Fancher and Sol Raso are the individuals representing the property in the accompanying image.
Players
Alameda 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
0.10%
Cash-on-Cash
-0.03%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93