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11380 White Rock Road, Ranc...

Exeter Property Group Acquires Industrial Property In Rancho Cordova For $15.8M
SOLDIndustrial

Exeter Property Group Acquires Industrial Property In Rancho Cordova For $15.8M

11380 White Rock Road, Rancho Cordova, CA, USA

$15,800,000

$145/SF

Building Size

108,441 SF

Asset Type

Industrial

Closing

Aug 5, 2021

AI

Located in Rancho Cordova, the industrial property at 11380 White Rock Road recently changed hands in a closed transaction. The property spans 108,441 square feet and was sold for a total of $15,800,000, resulting in an average price per square foot of $145. The transaction took place on August 6, 2021. The buyer of the property was Exeter Property Group, while the seller was Corsair Management United Partnership.

Summary of transaction details

  • Property Type: Industrial
  • Transaction Amount: $15,800,000
  • Square Footage: 108,441
  • Price Per Square Foot: $145
  • Date: August 6, 2021
  • Address: 11380 White Rock Road, Rancho Cordova
  • Buyer: Exeter Property Group
  • Seller: Corsair Management United Partnership

This transaction involved the cooperation of Exeter Property Group as the buyer and Corsair Management United Partnership as the seller. Both parties were represented by their respective brokers.

Players

Exeter Property Group
Exeter Property GroupBuyer

Rancho Cordova Industrial Market Snapshot

Boundary boundary · Industrial · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

1.00%

Cash-on-Cash

-0.29%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93