GI Partners Acquires Office Building In Hayward From BentallGreenOak For $155M
SOLD
$155,000,000
California
See Similar DealsOffice369,986 SF
Sold 06/15/2020
SOLD
GI Partners Acquires Office Building In Hayward From BentallGreenOak For $155M
25821 Industrial Boulevard
See Similar DealsOffice369,986 SF
Sold 06/15/2020
Summary
CALIFORNIA
Asset Type:Office
Price Per Square Foot:$418
Total Square Footage:369,986 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$8,266,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$550,682.26
Cash-on-Cash Return-1.27%
Monthly Debt Service$734,779.08
Annual Debt Service$8,817,348.93
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