15000 Farnsworth St, San Leandro, CA 94579; Sold Retail Property;  10/10 in Alameda County

15000 Farnsworth St, San Leandro, CA 94579; Sold Retail Property; 10/10 in Alameda County


Sold Retail Property in Alameda County – 15000 Farnsworth St,

San Leandro, CA 94579 10/10

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15000 Farnsworth St, San Leandro, CA 94579

Sale Information

Sale Status: Sold
Sale Date: 04/09/2013
Sale Price: $2,350,000 ($108.27/SF)
Cap Rate: 9.13% (At Time Of Sale)
Listing Price: $2,550,000
Estimated days on LoopNet Marketplace: 141

Property Details

Property Type: Retail
Property Sub-type: Neighborhood Center
Building Size: 21,705 SF
Lot Size: 1.54 Acres
APN / Parcel ID: 080G-1372-001

Property Description
In Escrow. 8 unit center with 2 cell tower tenants. Largest tenant Porters Market has been a local institution in center for decades. Property has ease of management for owner looking for passive investment.

Parties to Transaction
Seller:
AHERN M & S FAMILY TRUST

 

Buyer:
NEWARK YANG LLC
3 Nakayama Ct Alameda, CA
Broker:
MTC Commercial Real Estate Brokerage
Mike Tanzillo
Sale Comments
New first loan
Financing Comments
Sale involved mortgage financing. Lender identified as CHINATRUST BK USA.