LaSalle Investment Acquires Office Property In Fremont, CA For $80.5M
SOLD
$80,500,000
California
See Similar DealsOffice132,000 SF
Sold 10/03/2022
SOLD
LaSalle Investment Acquires Office Property In Fremont, CA For $80.5M
6500 Kaiser Drive, Fremont, California 94555, United States
See Similar DealsOffice132,000 SF
Sold 10/03/2022
Summary
CALIFORNIA
Asset Type:Office
Price Per Square Foot:$609
Total Square Footage:132,000 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$4,293,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$285,999.51
Cash-on-Cash Return-1.27%
Monthly Debt Service$381,611.07
Annual Debt Service$4,579,332.83
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