Updated Oct 29, 2024
WellSpace Health Acquires Little Saigon Plaza In Sacramento For $13.3M
6820 Stockton Blvd Sacramento, CA 95823, USA
$13,300,000
$206/SF
Building Size
64,536 SF
Asset Type
Commercial
Closing
May 2, 2023
About this deal
AI
The four-building business park known as Little Saigon Plaza in South Sacramento has been sold for $13.3 million in a recent transaction. The property, located at 6820 Stockton Blvd., covers approximately 13 acres of land. Constructed in 2009, the 64,536-square-foot property has remained unoccupied since then.
Summary of transaction details:
- Property Type: Commercial
- Transaction Amount: $13,300,000
- Address: 6820 Stockton Blvd
- Market: Sacramento
- ACRES: 13
The buyer in this sale is WellSpace Health, a nonprofit healthcare organization. WellSpace Health serves over 1,400 patients daily at more than 30 centers and plans to transform the property into a new health campus. The campus will offer a wide range of medical, dental, behavioral health, and supportive services to the community.
The sellers of Little Saigon Plaza are Sacramento-based LLC, Little Saigon Plaza Sacramento LLC, and Quang V. Luong.
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.19%
Cash-on-Cash
-0.34%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93