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:
- Property Type: Retail
- Transaction Amount: $44,400,000
- Address: 230 Bay Place
- Market: Oakland
- Buyer: Eaton Vance
- Seller: Site Centers
- Brokers: Eric Kathrein, Geoff Tranchina, Gleb Lvovich, Daniel Tyner & Warren McClean - JLL
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
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