Longfellow Real Estate Partners Acquires Office In Emeryville For $36M
6601 Shellmound Street, Emeryville, California 94608, United States
$36,000,000
$571/SF
Building Size
63,000 SF
Asset Type
Office
Closing
Jan 11, 2022
AI
Longfellow Real Estate Partners has acquired an office property in Emeryville for $36,000,000. The property, located at 6601-6603 Shellmound Street, spans 63,000 square feet, resulting in a price per square foot of $571. The seller of the property was Griffin Capital. The transaction was facilitated by the brokerage firm JLL.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $36,000,000
- Address: 6601-6603 Shellmound Street
- Market: Emeryville
The buyer of the property was Longfellow Real Estate Partners, represented by Nick Frasco. Griffin Capital served as the seller. The transaction was completed with the assistance of JLL as the brokerage firm. The deal marks an important acquisition for Longfellow Real Estate Partners in the Emeryville market.
Players
Emeryville 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
0.44%
Cash-on-Cash
-0.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93