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Chairwoman Regina Cuellar Of Shingle Springs Band Purchases Development Site In Sacramento For $17M

Property Image
SOLD
$17,000,000

California

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Development Site104,108 SF
Sold 04/02/2024
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Property Image
SOLD

Chairwoman Regina Cuellar Of Shingle Springs Band Purchases Development Site In Sacramento For $17M

301 Capitol Mall

See Similar Deals
Development Site104,108 SF
Sold 04/02/2024
Contact now

Summary

CALIFORNIA
Asset Type:Development Site
Price Per Square Foot:$163
Total Square Footage:104,108 SF
Transaction Type:Sale

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:

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

Matthew (Matt) Alemania
2 deals$47.5M volume(925) 303-6299
BROKER

Jack Blackmon
Newmark
1 deal$17M volume(916) 494-2349
BROKER

Lucas Lugo
Newmark
1 deal$17M volume(916) 500-3846
BROKER

Details

SOLD
IMAGE: Matthew Alemania, Jack Blackmon & Lucas Lugo DATE: 04/02/2024 ADDRESS: 301 Capitol Mall MARKET: Sacramento ASSET TYPE: Development Site BUYER: Chairwoman Regina Cuellar—Shingle Springs Band of Miwok Indians SELLER: CalPERS BROKERS: Matthew Alemania, Jack Blackmon & Lucas Lugo - Newmark (@Newmark) SALE PRICE: $17,000,000 SF: 104,108.40 ~ PPSF: $163

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

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