GI Partners Acquires Office Building In Hayward From BentallGreenOak For $155M
25821 Industrial Boulevard
$155,000,000
$418/SF
Building Size
369,986 SF
Asset Type
Office
Closing
Jun 15, 2020
AI
The property involved in this closed transaction is an office located at 25821 Industrial Blvd in Hayward. The sale of this property took place on June 15, 2021.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $155,000,000
The buyer of the property is GI Partners, represented by Rick Magnuson. The seller is BentallGreenOak, represented by Sonny Kalsi. The deal was facilitated by JLL Capital Markets.
The property has a total square footage of 369,986, resulting in a price per square foot of $418.
Players
Hayward 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