Updated Aug 29, 2025
Norcal Solutions Acquires Industrial Asset In West Sacramento From IC Terminal LLC For $9.05M
1105 07 Terminal Street
$9,050,000
$146/SF
Building Size
61,650 SF
Asset Type
Industrial
Closing
Aug 25, 2025
About this deal
AI
The property asset involved in this transaction is located at 1105-07 Terminal Street in West Sacramento. The sale price for the industrial asset was $9,050,000 for a total area of 61,650 square feet on 2.88 acres.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $9,050,000
- Address: 1105-07 Terminal Street
- Market: West Sacramento
- Square Footage: 61,650
- Price Per Square Foot: $147
- Buyer: Norcal Solutions
- Seller: IC Terminal LLC
- Buyer's Representative: David Nicholson - Cushman & Wakefield
- Seller's Representatives: Tommy Ponder, George Vrame & Spencer Bones - Colliers
Norcal Solutions acquired the property from IC Terminal LLC, which had previously purchased it in 2021 for $6.51 million with the intention of developing a cannabis processing plant that ultimately did not proceed. The transaction included representation from David Nicholson of Cushman & Wakefield for the buyer, while the seller was represented by Tommy Ponder, George Vrame, and Spencer Bones of Colliers.
Players
West Sacramento 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
1.75%
Cash-on-Cash
-0.50%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93