Kimco Realty Acquires Retail Property In Fremont & Anaheim For $134M
SOLD
$134,000,000
California
See Similar DealsRetail479,524 SF
Sold 02/10/2022
SOLD
Kimco Realty Acquires Retail Property In Fremont & Anaheim For $134M
35766 Fremont Boulevard, Fremont, California 94536, United States
See Similar DealsRetail479,524 SF
Sold 02/10/2022
Summary
CALIFORNIA
Asset Type:Retail
Price Per Square Foot:$279
Total Square Footage:479,524 SF
Transaction Type:Sale
Kimco Realty has acquired a retail property in Fremont, located at 35766 Fremont Blvd. The property is also adjacent to another property at 510 N. Euclid St. This transaction took place in the Fremont and Anaheim markets.
Summary of transaction details
- Property Type: Retail
- Sale Price: $134,000,000
- Square Footage: 479,524
- Price per Square Foot: $279
Conor Flynn, representing Kimco Realty, led the acquisition deal.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$7,146,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$476,073.69
Cash-on-Cash Return-1.27%
Monthly Debt Service$635,228.36
Annual Debt Service$7,622,740.36
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