Envision Motors Acquires Industrial Properties In El Dorado Hills, Rocklin & Arden-Arcade For $69.7M
SOLD
$69,700,000
California
See Similar DealsIndustrial502,497 SF
Sold 02/22/2023
SOLD
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
See Similar DealsIndustrial502,497 SF
Sold 02/22/2023
Summary
CALIFORNIA
Asset Type:Industrial
Price Per Square Foot:$138
Total Square Footage:502,497 SF
Transaction Type:Sale
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
SELLER
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$3,717,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$247,629.39
Cash-on-Cash Return-1.27%
Monthly Debt Service$330,413.56
Annual Debt Service$3,964,962.71
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