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Marcus & Millichap Sells Industrial Property At 6401 Stockton Boulevard For $1.6 Million
SOLD
$1,600,000
California
See Similar DealsIndustrial87,992 SF
Sold 07/16/2024
SOLD
Marcus & Millichap Sells Industrial Property At 6401 Stockton Boulevard For $1.6 Million
6401 Stockton Boulevard & 6050 Elder Creek Road
See Similar DealsIndustrial87,992 SF
Sold 07/16/2024
Summary
CALIFORNIA
Asset Type:Industrial
Price Per Square Foot:$18
Total Square Footage:87,992 SF
Transaction Type:Sale
The property involved in this transaction is an industrial asset located at 6401 Stockton Boulevard and 6050 Elder Creek Road in Sacramento. The sale price was $1,600,000, with the property encompassing a total square footage of 43,996. The price per square foot for this transaction was $36.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $1,600,000
- Square Footage: 43,996
- Price Per Square Foot: $36
- Market: Sacramento
The deal was facilitated by broker Christopher Hurd of Marcus & Millichap, who arranged the sale of the net-leased property. The buyer, whose identity remains undisclosed, plans to lease the property to a suitable tenant.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$85,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$5,684.48
Cash-on-Cash Return-1.27%
Monthly Debt Service$7,584.82
Annual Debt Service$91,017.80
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