Chairwoman Regina Cuellar Of Shingle Springs Band Purchases Development Site In Sacramento For $17M
301 Capitol Mall
$17,000,000
$163/SF
Building Size
104,108 SF
Asset Type
Development Site
Closing
Apr 2, 2024
AI
The property involved in the sale is a Development Site located at 301 Capitol Mall in Sacramento. The transaction was between the Chairwoman Regina Cuellar of the Shingle Springs Band of Miwok Indians, representing the buyer, and CalPERS, the seller. The sale price for this property was $17,000,000, with a total square footage of 104,108.40 and a price per square foot of $163.
Summary of transation details:
- Property Type: Development Site
- Transaction Amount: $17,000,000
- Buyer: Chairwoman Regina Cuellar—Shingle Springs Band of Miwok Indians
- Seller: CalPERS
- Brokers: Matthew Alemania, Jack Blackmon & Lucas Lugo - Newmark
- Address: 301 Capitol Mall
- Market: Sacramento
The brokers involved in the transaction were Matthew Alemania, Jack Blackmon, and Lucas Lugo from Newmark. The sale of the Development Site was facilitated by these brokers, ensuring a successful deal between the buyer, Chairwoman Regina Cuellar, and the seller, CalPERS.
Players
Sacramento Development Site Market Snapshot
Boundary boundary · Development Site · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.93%
Cash-on-Cash
-0.27%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93