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
Rancho Cordova 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
1.00%
Cash-on-Cash
-0.29%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93