Envision Motors Acquires Industrial Properties In El Dorado Hills, Rocklin & Arden-Arcade For $69.7M
1000 Mercedes Lane, 4747 Granite Dr, Rocklin, CA 95677 & 1810 Howe Ave, Sacramento, CA 95825
$69,700,000
$138/SF
Building Size
167,499 SF
Asset Type
Industrial
Closing
Feb 22, 2023
AI
The industrial property located at 1000 Mercedes Lane, 4747 Granite Drive, and 1810 Howe Ave in El Dorado Hills, Rocklin, and Arden-Arcade was recently sold. The property spans a total area of 167,499 square feet and is situated in a thriving market. The transaction took place on 02/22/2023.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $69,700,000
- Price per Square Foot: $416
Envision Motors, represented by Simon Sarriedine, acquired the property from Von Housen Automotive Group. The deal was successfully negotiated, and Envision Motors purchased the industrial asset for a total price of $69,700,000. Simon Sarriedine acted as the buyer's representative in the transaction.
Players
El Dorado Hills Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.23%
Cash-on-Cash
-0.07%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93