Hinkins Real Estate Analytics Inc. represented the Investor in the acquisition of a well located fully leased industrial building in San Leandro, CA.
Property: 2483-2495 Washington Ave, San Leandro, CA (Fee interest)
Size: 43,897 SF Industrial Building on 1.89 Acres (82,328 SF)Tenants: Seven units, fully leased
Sale Price: $3,820,000 ($87.02 psf)
Land Value: $17 psf
Cap Rate: 6.60% (Yr. 1 NOI - $252,109)
Sale Date: 11/12/14