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Benjamin S. Butcher, William R. Crooker, David G. King, Stephen C. Mecke, Jeffrey M. Sullivan, & Michael C. Chase Acquire Industrial Property In Sacramento For $26M

Property Image
SOLD
$26,000,000

California

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Industrial267,284 SF
Sold 02/25/2021
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Property Image
SOLD

Benjamin S. Butcher, William R. Crooker, David G. King, Stephen C. Mecke, Jeffrey M. Sullivan, & Michael C. Chase Acquire Industrial Property In Sacramento For $26M

5440 Stationers Way

See Similar Deals
Industrial267,284 SF
Sold 02/25/2021
Contact now

Summary

CALIFORNIA
Asset Type:Industrial
Price Per Square Foot:$97
Total Square Footage:267,284 SF
Transaction Type:Sale

An industrial property located at 5440 Stationers Way in Sacramento has been sold in a recent transaction. The property, measuring 267,284 square feet, was sold for a total price of $26,000,000, resulting in a price per square foot of $97.

Summary of transaction details

  • Property Type: Industrial
  • Transaction Amount: $26,000,000
  • Address: 5440 Stationers Way, Sacramento
  • Market: Sacramento

The buyer of the property is STAG Industrial, represented by Benjamin S. Butcher, William R. Crooker, David G. King, Stephen C. Mecke, Jeffrey M. Sullivan, and Michael C. Chase. The deal was facilitated by JLL Capital Markets.

[NOTE: No additional information about the property, buyers, or brokers was provided.]

Players

Benjamin Butcher
7 deals$217.9M volume
BROKER

Benjamin Butcher
Stag Industrial
7 deals$217.9M volume
BUYER

William R. Crooker
Stag Industrial
5 deals$97.1M volume
BUYER

Details

SOLD
IMAGE: Benjamin S. Butcher, William R. Crooker, David G. King, Stephen C. Mecke, Jeffrey M. Sullivan, & Michael C. Chase DATE: 02/25/2021 ADDRESS: 5440 Stationers Way MARKET: Sacramento ASSET TYPE: Industrial BUYER: Benjamin S. Butcher, William R. Crooker, David G. King, Stephen C. Mecke, Jeffrey M. Sullivan, & Michael C. Chase - STAG Industrial BROKERS: JLL Capital Markets SALE PRICE: $26,000,000 SF: 267,284 ~ PPSF: $97

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

$1,386,666.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$92,372.50
Cash-on-Cash Return-1.27%
Monthly Debt Service$123,253.26
Annual Debt Service$1,479,039.17