Sterling Organization Acquires Retail Property On Warm Springs Road In Fremont, CA For $40.5M
46690-46850 Warm Springs Road
$40,450,000
$345/SF
Building Size
117,008 SF
Asset Type
Retail
Closing
Apr 5, 2023
About this deal
AI
Patterson Ranch has sold a retail property located at 46690-46850 Warm Springs Road in Fremont, CA. The property, spanning 117,008 square feet, was sold for a total of $40,450,000, with a price per square foot of $346.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $40,450,000
- Address: 46690-46850 Warm Springs Road, Fremont, CA
- Market: Fremont, CA
- Buyer: Sterling Organization
- Seller: Patterson Ranch
- Brokers: Daniel Tyner, Gleb Lvovich, Geoff Tranchina & Eric Kathrein - JLL
- Square Footage: 117,008
- Price per Square Foot: $346
JLL represented both parties in the transaction, with Daniel Tyner, Gleb Lvovich, Geoff Tranchina, and Eric Kathrein serving as the brokers. The sale of this retail property marks a significant deal in Fremont, CA.
Players
Market 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
0.39%
Cash-on-Cash
-0.11%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93