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6820 Stockton Blvd Sacramen...

Updated Oct 29, 2024

WellSpace Health Acquires Little Saigon Plaza In Sacramento For $13.3M
SOLDCommercial

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.

Players

Los Angeles Commercial Market Snapshot

Boundary boundary · Commercial · Sale transactions

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Deal FAQ

About $206 per square foot on a published $13.3M for 64,536 square feet (2023).

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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

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