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
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 | ||||
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| Seller: |
AHERN M & S FAMILY TRUST
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| Buyer: |
NEWARK YANG LLC
3 Nakayama Ct Alameda, CA
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| Broker: |
MTC Commercial Real Estate Brokerage
Mike Tanzillo
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| Sale Comments | ||||
|---|---|---|---|---|
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New first loan
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| Financing Comments | ||||
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Sale involved mortgage financing. Lender identified as CHINATRUST BK USA.
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