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5515 Doyle Street, Emeryvil...

Hackman Capital Partners Acquires Retail & Parking Property In Emeryville For $23.2M
SOLDRetail

Hackman Capital Partners Acquires Retail & Parking Property In Emeryville For $23.2M

5515 Doyle Street, Emeryville, California 94608, United States

$23,200,000

$703,030/SF

Building Size

33 SF

Asset Type

Retail

Closing

Nov 11, 2022

AI

Located at 5515, 5520, 5521 & 5522 Doyle Street in Emeryville, CA, the property involved in this closed transaction is a retail and parking asset. It spans across approximately 33,000 square feet and was sold for a price of $23,200,000, resulting in a price per square foot of $703.

Summary of Transaction Details:

  • Property Type: Retail & Parking
  • Transaction Amount: $23,200,000
  • Address: 5515, 5520, 5521 & 5522 Doyle Street, Emeryville, CA
  • Market: Emeryville, CA

The buyer in this transaction was Hackman Capital Partners, represented by Michael Hackman. On the other hand, Fordham Properties, represented by Ronald Silberman, acted as the seller. The deal was successfully closed on November 11, 2022, with Michael Hackman acquiring the property.

Players

Michael Hackman

Hackman Capital Partners

Buyer

$1.1B

vol

8 deals

Buyer

Emeryville 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

0.68%

Cash-on-Cash

-0.20%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93