38811 Cherry St, Newark, CA 94560 – Warehouse

Warehouse and StorageYear Built 2014Total Assessed Value $132,921,503County Alameda

Property Details

The Warehouse and Storage property 38811 Cherry St, Newark, CA 94560 is located in Alameda County. The specific property type is Warehouse. The total assessed value of this property is $132,921,503.

The gross building area is 574,674 square feet and the land area is 1,141,343 square feet for this Warehouse built in 2014.

Legal description: N/A

$132,921,503

Market Value

N/A

Cap Rate

N/A

NOI

N/A

Occupancy

Avg Rent

1 / 4

Property Information

Property TypeWarehouse and Storage

Sub Property TypeWarehouse

Building Area574,674

Land Size1,141,343

Land Value$83,121,717

Improved Value$49,799,786

Total Assessed Value$132,921,503

Year Built2014

County NameAlameda

Account Number92A-2500-1-14

Cap RateN/A

Very Walkable

Good Transit

Bikeable

Amenities

HeatingNone

Type ConstructionTilt up pre cast concrete

No of Stories1

Sales History

12/22/2022

Arms-length$138,000,000

Buyer

Cherry Logistics Commerce Center Ilp Llc

Seller

Metropolitan Life Insurance Company

Book Number

2022.201514

Recording Date

12/22/2022

Transaction Details

Cherry Logistics Commerce Center Ilp Llc acquired the property from Metropolitan Life Insurance Company through a Arms-length transaction on 12/22/2022 for $138,000,000.

9/18/2014

Arms-lengthNot Disclosed

Buyer

Metropolitan Life Insurance Company

Seller

Cherry Logistics Llc

Book Number

2014.235028

Recording Date

9/18/2014

Transaction Details

Metropolitan Life Insurance Company acquired the property from Cherry Logistics Llc through a Arms-length transaction on 9/18/2014 for .

9/11/2012

Arms-lengthNot Disclosed

Buyer

Cherry Logistics Llc

Seller

Abp Ca Newark Llc

Book Number

2012307725

Recording Date

9/11/2012

Transaction Details

Cherry Logistics Llc acquired the property from Abp Ca Newark Llc through a Arms-length transaction on 9/11/2012 for .

Property constructed in 2014

YSale Price (USD) byXSales Year

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Mortgage History

6/9/2006

Arms length residential transactions purchase or resales$295,000,000

Borrower

Abp Ca Newark Llc

Lender

German American Capital Corp

Book Number

2006243049

Recording Date

6/9/2006

Transaction Details

Abp Ca Newark Llc borrowed the property from German American Capital Corp through a Arms length residential transactions purchase or resales transaction on 6/9/2006 for $295,000,000.

Property constructed in 2014

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Assessment History

Assessment Year ↓	Assessed Land Value ↕	Assessed Improved Value ↕	Assessed Total Value ↕	Market Value ↕	Owner Name ↕	Owner Address ↕	Legal Description ↕	Neighborhood Code ↕	Sub Division ↕	Land Size (SF) ↕	GBA (SF) ↕
2025	$83,121,717	$49,799,786	$132,921,503	$132,921,503	-	-	-	-	-	-	574,674
2023	$79,894,000	$47,866,000	$127,760,000	$127,760,000	Cherry Logistics Com...	Po Box 92129	-	-	-	1,141,359	574,674
2022	$18,097,350	$78,395,192	$96,492,542	$96,492,542	Metropolitan Life In...	425 Market St 1050	-	-	-	1,141,343	574,647
2019	$17,216,532	$74,162,451	$91,378,983	-	Metropolitan Life In...	425 Market St	-	-	-	1,141,343	574,647
2018	$16,879,034	$72,708,637	$89,587,671	-	Metropolitan Life In...	425 Market St	-	-	-	1,141,343	574,647
2017	$16,548,089	$71,283,045	$87,831,134	-	Metropolitan Life In...	425 Market St	-	-	-	1,141,343	574,647
2016	$16,223,695	$69,747,675	$85,971,370	-	Metropolitan Life In...	425 Market St	-	-	-	1,141,343	574,647
2015	$15,980,000	$68,700,000	$84,680,000	-	Metropolitan Life In...	425 Market St	-	-	-	1,141,343	574,647

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Rent & Occupancy

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Comparables

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Nearby Lenders

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Lender Name ↕	Property Address ↕	Loan Date ↕	Mortgage Amount ↕	Land Size (SF) ↕	Year Built ↕	GBA (SF) ↕	Total Assessed Value ↕	Land Assessed Value ↕	Borrower ↕
—	38811 Cherry St, Newark, CA 94560	—	-	1,141,343	2014	574,674	$ 132,921,503	$ 83,121,717	-
Sumitomo Mitsui Banking Corp	6969 Clark Ave, Newark, CA 94560	09/12/2025	$ 141,220,000	134,121	1989	22,826	$ 12,224,700	$ 10,560,060	-
Westamerica Bank	21 Duffy Pl, San Rafael, CA 94901	08/11/2025	$ 5,000,000	66,647	1952	48,571	$ 11,768,707	-	D R Stephens Industrial Partne
Business Finance Capital	40 Paul Dr, San Rafael, CA 94903	05/22/2025	$ 950,000	15,475	1965	5,920	$ 200,730	-	J & C Property Holdings Llc
Ctbc Bank Corpusa	3370 Victor Ct, Santa Clara, CA 95054	03/25/2025	$ 3,565,000	28,009	1978	11,808	$ 4,172,668	$ 2,546,899	Ltd Victor Commercial Investment Llc
Wells Fargo Bank Na	2206 Ringwood Ave, San Jose, CA 95131	03/25/2025	$ 1,125,000	9,217	2004	3,120	$ 888,259	$ 273,305	Trishul Ventures Inc
Pinnacle Bank	3340 Paul Davis Dr, Marina, CA 93933	01/03/2025	$ 578,000	39,204	1988	13,650	$ 1,747,209	$ 208,335	Harry Smith 2023 Trust
Symetra Life Insurance Co	428 N Buchanan Cir, Pacheco, CA 94553	10/16/2024	$ 2,000,000	50,094	1977	19,157	$ 2,739,475	$ 864,140	Lascom 428 24 Llc
Us Bank National Association	1610 Evans Ave, San Francisco, CA 94124	10/08/2024	$ 1,190,700	5,000	1965	4,975	$ 1,059,085	$ 614,954	Taro Group Inc
Forbes Income Fund Ii Llc	1144 Howard St, San Francisco, CA 94103	10/02/2024	$ 1,140,000	4,500	1921	7,784	$ 3,183,623	$ 2,228,536
Mechanics Bank	3210 California Blvd, Napa, CA 94558	09/23/2024	$ 3,300,000	81,893	0	-	$ 1,314,473	$ 483,203	Campananapa Llc

Mean$ 32,756,550

Median$ 2,056,250.0

Loan Amount Range$ 500,000 - $ 493,000,000

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Tenant Details

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Property Address ↕	Owner Name ↕	Phone ↕	Industry Description ↕
38811 CHERRY ST, NEWARK, CA 94560-4939	CHERRY LOGISTICS CTR	5107131438	OTHER HEAVY & CIVIL ENGINEERING CONSTRUCTION

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License Details

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