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Regency Centers Corp. Sells Retail Property In East Palo Alto For $53.2M

Property Image
SOLD
$53,200,000
Eric Kathrein
Bryan Ley
+ 1

California

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Retail92,110 SF
Sold 05/21/2021
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Property Image
SOLD

Regency Centers Corp. Sells Retail Property In East Palo Alto For $53.2M

1771 E Bayshore Rd, East Palo Alto, CA, USA

See Similar Deals
Retail92,110 SF
Sold 05/21/2021
Eric Kathrein
Bryan Ley
+ 1
Contact now

Summary

CALIFORNIA
Asset Type:Retail
Price Per Square Foot:$577
Total Square Footage:92,110 SF
Transaction Type:Sale

1771 E. Bayshore Rd. in East Palo Alto, a retail property, was recently sold. The transaction took place on 05/21/2021 and was facilitated by Bryan Ley, Eric Kathrein, and Tony Ensbury from JLL. The seller of the property was Regency Centers Corp., represented by Lisa Palmer. The sale price for the property was $53,200,000, and it spans an area of 92,110 square feet with a price per square foot of $577.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $53,200,000
  • Address: 1771 E. Bayshore Rd.
  • Market: East Palo Alto

The deal was successfully completed thanks to the efforts of Bryan Ley, Eric Kathrein, and Tony Ensbury from JLL, who represented Regency Centers Corp. in the transaction. Lisa Palmer, acting as the seller's representative, played a crucial role in the sale. The property boasts a size of 92,110 square feet, with a sale price of $53,200,000.

Players

Eric Kathrein
20 deals$800.3M volume(415) 510-6961
BROKER

Bryan Ley
NorthMarq
21 deals$732.6M volume
BROKER

Tony Ensbury
JLL
4 deals$150.4M volume
BROKER

Lisa Palmer
Regency Centers
12 deals$804.6M volume
SELLER

Details

SOLD
IMAGE: Bryan Ley, Eric Kathrein, Tony Ensbury & Lisa Palmer DATE: 05/21/2021 ADDRESS: 1771 E. Bayshore Rd. MARKET: East Palo Alto ASSET TYPE: Retail SELLER: Regency Centers Corp. - Lisa Palmer BROKERS: Bryan Ley, Eric Kathrein & Tony Ensbury - JLL SALE PRICE: $53,200,000 SF: 92,110 ~ PPSF: $577

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$189,008.37
Cash-on-Cash Return-1.27%
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