Updated May 12, 2025
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
$2,150,000
$84/SF
Building Size
25,600 SF
Asset Type
Industrial
Closing
Apr 24, 2025
About this deal
AI
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:
- Property Type: Industrial
- Transaction Amount: $2,150,000
- Address: 1819 23rd Street/2311 South Street
- Market: Sacramento
- Square Footage: 25,600
- Price per Square Foot: $84
- Buyer: TTFF Properties LLC
- Seller: Mencarini Riccardo Trustee
- Buyer's Representatives: Bud Applegate - Applegate Properties; Spencer Applegate - Colliers
- Seller's Representatives: David Khedry & Ken Turton - Turton Commercial Real Estate
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
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
7.38%
Cash-on-Cash
-2.11%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93