Belvedere Logistics CA Property Owners Acquire Industrial Property In Sacramento For $42.8M
8301 Belvedere Avenue, Sacramento, California 95826, United States
$42,800,000
$125/SF
Building Size
340,000 SF
Asset Type
Industrial
Closing
Jun 30, 2022
AI
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
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
0.37%
Cash-on-Cash
-0.11%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93