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301 Capitol Mall

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

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:

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 Alemania

Newmark

Broker

$47.5M

vol

2 deals

Broker

Sacramento Development Site Market Snapshot

Boundary boundary · Development Site · Sale transactions

Loading comparables…

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