Belvedere Logistics CA Property Owners Acquire Industrial Property In Sacramento For $42.8M
SOLD
$42,800,000
+ 7
California
See Similar DealsIndustrial340,000 SF
Sold 07/01/2022
SOLD
Belvedere Logistics CA Property Owners Acquire Industrial Property In Sacramento For $42.8M
8301 Belvedere Avenue, Sacramento, California 95826, United States
See Similar DealsIndustrial340,000 SF
Sold 07/01/2022
+ 7
Summary
CALIFORNIA
Asset Type:Industrial
Price Per Square Foot:$125
Total Square Footage:340,000 SF
Transaction Type:Sale
Belvedere Logistics CA Property Owners has acquired an industrial property located at 8301 Belvedere Ave in Sacramento. The property spans 340,000 square feet and was sold by LDK Ventures for a total sale price of $42,800,000, resulting in a price per square foot of $125.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $42,800,000
- Address: 8301 Belvedere Ave
- Market: Sacramento
The sale was facilitated by CBRE, with Rebecca Perlmutter, Darla Longo, Barbara Perrier, Brett Hartzell, Joe Cesta, Eric Cox, Michael Longo, Paige Morgan, Michael Luca, and Ryan DeAngelis representing the seller.
Players
SELLER
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$2,282,666.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$152,059.37
Cash-on-Cash Return-1.27%
Monthly Debt Service$202,893.84
Annual Debt Service$2,434,726.03
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