Updated Oct 29, 2024
BentallGreenOak Acquires Industrial Property In Sacramento For $55M
7180 Badiee Dr, Sacramento, California 95837, United States
$55,000,000
$177,993/SF
Building Size
309 SF
Asset Type
Industrial
Closing
Apr 17, 2023
About this deal
AI
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.
On the Map
$55,000,000
$177,993/SF
Industrial
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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
0.29%
Cash-on-Cash
-0.08%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93