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230 Bay Place

Eaton Vance Acquires Retail Asset From Site Centers In Oakland For $44.4M
SOLDRetail

Eaton Vance Acquires Retail Asset From Site Centers In Oakland For $44.4M

230 Bay Place

$44,400,000

$776/SF

Building Size

57,218 SF

Asset Type

Retail

Closing

Sep 25, 2024

AI

The retail property located at 230 Bay Place in Oakland has been sold for a price of $44,400,000. The asset spans 57,218 square feet, resulting in a price per square foot of $775.

Summary of transation details:

The transaction involved prominent brokers from JLL, including Eric Kathrein, Geoff Tranchina, Gleb Lvovich, Daniel Tyner, and Warren McClean, who played integral roles in facilitating the deal between Eaton Vance and Site Centers.

Players

Eric Kathrein

JLL

Broker

$800.3M

vol

20 deals

Broker

Oakland Retail Market Snapshot

Boundary boundary · Retail · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.36%

Cash-on-Cash

-0.10%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93