Updated Feb 28, 2025
LaSalle Investment Acquires Office Property In Fremont, CA For $80.5M
6500 Kaiser Drive, Fremont, California 94555, United States
$80,500,000
$609/SF
Building Size
132,000 SF
Asset Type
Office
Closing
Oct 2, 2022
About this deal
AI
The 132,000 square foot office property located at 6500 Kaiser Drive & 6300 Dumbarton Circle in Fremont, CA has been sold for a price of $80,500,000. The sale was completed on 10/03/2022. The property was listed by BioMed Realty and the buyer in this transaction was LaSalle Investment, represented by Mark Gabbay.
Summary of transaction details
- Property Type: Office
- Sale Price: $80,500,000
- Square Footage: 132,000
- Price per Square Foot: $610
- Market: Fremont, CA
Mark Gabbay from LaSalle Investment played a key role as the buyer's representative in this transaction. The sale of this office property represents a significant investment in the Fremont market, further solidifying the attractiveness of the area for real estate investment.
Players
Fremont 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
0.20%
Cash-on-Cash
-0.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93