Balboa Retail Partners Acquires Retail Property On Floresta Blvd. For $12M
250 Floresta Boulevard, San Leandro, California 94578, United States
$12,000,000
$130/SF
Building Size
91,905 SF
Asset Type
Retail
Closing
Jun 12, 2022
AI
Located at 250 Floresta Blvd. in the Bay Area, this retail asset was recently sold for a total of $12,000,000. Spanning approximately 91,905 square feet, the property was purchased by Balboa Retail Partners from the seller, Michael Dayan. Brokers Daniel Tyner and Gleb Lvovich from JLL represented both parties in the transaction.
Summary of Transaction Details
- Property Type: Retail
- Transaction Amount: $12,000,000
- Address: 250 Floresta Blvd.
- Market: Bay Area
- Buyer: Balboa Retail Partners
- Seller: Michael Dayan
- Brokers: Daniel Tyner & Gleb Lvovich - JLL
- Square Footage: 91,905
- Price per Square Foot: $130
Gleb Lvovich and Daniel Tyner from JLL played a significant role as the brokers in this deal, representing both the buyer and seller respectively.
Players
San Leandro Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.32%
Cash-on-Cash
-0.38%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93