Updated Oct 28, 2024
Scannell Properties Acquires Retail Property In Fremont For $63.6M
40517 Albrae Street, Fremont, California 94538, United States
$63,600,000
$113/SF
Building Size
560,000 SF
Asset Type
Retail
Closing
Apr 11, 2022
About this deal
AI
The retail property located at 40517-40525 Albrae Street in Fremont has been sold for a total of $63,600,000. The property spans approximately 560,000 square feet, resulting in a price per square foot of $113.
Summary of transation details
- Property Type: Retail
- Transaction Amount: $63,600,000
- Date: 04/12/2022
- Buyer: Scannell Properties - Robert Scannell
- Seller: American Pacific International Capital
- Market: Fremont
Robert Scannell, representing Scannell Properties, was the buyer in this transaction. The seller was American Pacific International Capital.
The retail sale at 40517 Albrae Street, Fremont, California 94538, United States in Fremont, California sold for $63.6M in 2022. The building is 560,000 square feet, implying about 113 per square foot on the published price. This page is the Fremont, California file for the 40517 Albrae Street, Fremont, California 94538, United States retail sold: pricing, party profiles, and other closed retail comps from the same Fremont sit in the Market section below. Filter that Fremont retail set by closing date to see what else sold near 40517 Albrae Street, Fremont, California 94538, United States around 2022. Published consideration for 40517 Albrae Street, Fremont, California 94538, United States is $63.6M, dated 2022. Cite this Scannell Properties Acquires Retail Property In Fremont For $63.6M sale when underwriting similar retail product around Fremont, California.
Players
Fremont 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
0.25%
Cash-on-Cash
-0.07%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93