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7021 Roseville Rd Sacrament...

Updated Oct 29, 2024

Bunker Wilson LLC Acquires 250K SF Industrial Property In Sacramento For $16.9M
SOLDIndustrial

Bunker Wilson LLC Acquires 250K SF Industrial Property In Sacramento For $16.9M

7021 Roseville Rd Sacramento, Ca 95842, Usa

$16,900,000

$67/SF

Building Size

250,000 SF

Asset Type

Industrial

Closing

May 8, 2023

About this deal

AI

Former Sleep Train CEO Dale Carlsen's investment entity, Bunker Wilson LLC, has acquired a 250,000-square-foot industrial property in Sacramento for $16.9 million. The property, located at 7021 Roseville Road, is currently occupied by Essendant, an office supplies and furniture wholesaler. This acquisition aligns with Carlsen's interest in the growing industrial sector and supports his goal of furthering it through his affiliated nonprofits.

Summary of transaction details

  • Property Type: Industrial
  • Transaction Amount: $16,900,000
  • Address: 7021 Roseville Road
  • Market: Sacramento
  • Size: 250,000 square feet

The buyer of the property is Bunker Wilson LLC, which is associated with Dale Carlsen, the former CEO of Sleep Train. On the other hand, Tisha Land Co. LLC is the seller of the industrial property. The transaction was facilitated by broker Matt Cologna from Cushman & Wakefield, who represented the buyer in the deal.

Players

Matt Cologna

Cushman & Wakefield

Broker

$16.9M

vol

1 deal

Broker

Los Angeles Industrial Market Snapshot

Boundary boundary · Industrial · Sale transactions

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Deal FAQ

About $67 per square foot on a published $16.9M for 250,000 square feet (2023).

Visit Cushman & Wakefield to view all their deals.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.94%

Cash-on-Cash

-0.27%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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