Updated Mar 11, 2025
B3 Investors Secures $33 Million Bridge Loan For Retail Property In San Leandro
15555 East 14th Street
$33,000,000
$46/SF
Building Size
715,000 SF
Asset Type
Retail
Closing
Aug 9, 2024
About this deal
AI
The transaction involves a retail asset located at 15555 East 14th Street in the San Leandro market. The property spans 715,000 square feet and has secured a bridge loan amounting to $33,000,000. The loan terms include non-recourse financing for a duration of 3 years with an interest rate indexed to SOFR plus 400 basis points.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $33,000,000
- Loan Type: Bridge
- Loan Terms: Non-recourse, 3 years, SOFR+400
- Lender: Colliers
- Landlord: B3 Investors
- Brokers: Shahin Yazdi & Jonathan Lee - Colliers
Key individuals involved in this transaction include the landlords, B3 Investors, and the brokers representing the deal, Shahin Yazdi and Jonathan Lee, both associated with Colliers. The deal is particularly facilitated by the expertise of the involved brokers, ensuring a smooth process for the financing of the retail asset.
On the Map
$33,000,000
$46/SF
Retail
View full map
Players
San Leandro Retail Market Snapshot
Boundary boundary · Retail · Loan transactions
Loading comparables…
Deal FAQ
Visit Shahin Yazdi to view all their deals.
Browse San Leandro retail loans on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.48%
Cash-on-Cash
-0.14%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93