BentallGreenOak Acquires Industrial Property In Sacramento For $55M
SOLD
$55,000,000
+ 2
California
See Similar DealsIndustrial309 SF
SOLD
BentallGreenOak Acquires Industrial Property In Sacramento For $55M
7180 Badiee Dr, Sacramento, California 95837, United States
See Similar DealsIndustrial309 SF
+ 2
Summary
CALIFORNIA
Asset Type:Industrial
Price Per Square Foot:$177,993
Total Square Footage:309 SF
Transaction Type:Sale
BentallGreenOak has acquired an industrial property in Sacramento. The property, located at 7180 Badiee Drive, was sold by Badiee Development for a total of $55,000,000. The transaction took place on January 18, 2023. The industrial asset spans 309,000 square feet, resulting in a price per square foot of $178.
Summary of Transaction Details
- Property Type: Industrial
- Transaction Amount: $55,000,000
- Address: 7180 Badiee Drive
- Market: Sacramento
- Square Feet: 309,000
The deal was facilitated by Jeff Chiate, Rick Ellison, Mike Adey, Brad Brandenburg, and Matthew Leupold from the National Industrial Advisory Group at Cushman & Wakefield. They represented both the buyer, BentallGreenOak, and the seller, Badiee Development, in the transaction.
Players
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$2,933,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$195,403.39
Cash-on-Cash Return-1.27%
Monthly Debt Service$260,728.06
Annual Debt Service$3,128,736.72
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