Eiger Capital Acquires 122,000 SF Industrial Building In Sacramento For $24.3M
3950 Duckhorn Drive
$24,300,000
$199/SF
Building Size
122,000 SF
Asset Type
Industrial
Closing
Feb 3, 2024
AI
The industrial property at 3950 Duckhorn Drive in Sacramento was sold for $24.3 million. Spanning 122,000 square feet, the fully leased building was part of Panattoni Development Company Inc and PCCP LLC's plan for the Natomas Advanced Logistics Center.
Summary of transation details:
- Property Type: Industrial
- Transaction Amount: $24,300,000
- Buyer: Eiger Capital
- Seller: Abbie Wertheim & Adon Panattoni - Panattoni Development Company Inc; William R. Lindsay - PCCP LLC
- Broker: Rebecca Perlmutter Finkel - CBRE
- Address: 3950 Duckhorn Drive
- Market: Sacramento
Rebecca Perlmutter Finkel from CBRE facilitated the sale of the industrial property, working on behalf of the sellers Abbie Wertheim, Adon Panattoni from Panattoni Development Company Inc, and William R. Lindsay from PCCP LLC. The transaction was a significant strategic move as part of Panattoni's development plans for the Natomas Advanced Logistics Center.
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
0.65%
Cash-on-Cash
-0.19%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93