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TTFF Properties LLC Acquires Industrial Property In Midtown Sacramento For $2.15M With Bud Applegate And Spencer Applegate As Buyer's Reps

Property Image
SOLD
$2,150,000
David Khedry
Bud Applegate
+ 1

California

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Industrial25,600 SF
Sold 04/24/2025
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Property Image
SOLD

TTFF Properties LLC Acquires Industrial Property In Midtown Sacramento For $2.15M With Bud Applegate And Spencer Applegate As Buyer's Reps

1819 23rd Street

See Similar Deals
Industrial25,600 SF
Sold 04/24/2025
David Khedry
Bud Applegate
+ 1
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Summary

CALIFORNIA
Asset Type:Industrial
Price Per Square Foot:$84
Total Square Footage:25,600 SF
Transaction Type:Sale

The industrial property located at 1819 23rd Street/2311 South Street in Sacramento has been sold for $2,150,000. The facility encompasses a total square footage of 25,600, equating to a price per square foot of $84. The sale represents a significant transaction within the Midtown Sacramento market.

Summary of transaction details:

TTFF Properties LLC, the purchaser of the property, has plans to utilize the warehouse space for storage purposes. The transaction involved key representatives from both the buyer's and seller's sides, highlighting the collaborative efforts in finalizing this deal.

Players

Ken Turton
2 deals$19.2M volume(916) 573-3300
BROKER

David Khedry
Turton Commercial Real Estate
1 deal$2.2M volume(916) 715-0915
BROKER

Bud Applegate
1 deal$2.2M volume(916) 802-5200
BROKER

Spencer Applegate
Colliers
1 deal$2.2M volume(916) 216-3780
BROKER

Details

SOLD
IMAGE: Bud Applegate, Spencer Applegate, David Khedry & Ken Turton DATE: 04/24/2025 ADDRESS: 1819 23rd Street/2311 South Street MARKET: Sacramento ASSET TYPE: Industrial BUYER: TTFF Properties LLC SELLER: Mencarini Riccardo Trustee BUYER'S REP: Bud Applegate - Applegate Properties; Spencer Applegate - Colliers (@ColliersInternational) SELLER'S REP: David Khedry & Ken Turton - Turton Commercial Real Estate SALE PRICE: $2,150,000 SF: 25,600 ~ PPSF: $84 NOTE: TTFF Properties LLC purchased the 25,600-square-foot property at 1819 23rd St./2311 S St. in Midtown Sacramento for $2.15M, with plans to use the warehouse space for storage.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$114,666.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$7,638.49
Cash-on-Cash Return-1.27%
Monthly Debt Service$10,192.10
Annual Debt Service$122,305.16