Rich Gallagher Acquires Industrial Property In Roseville, CA & Chandler, Arizona For $26.25M
8350 Industrial Ave, Roseville, CA, USA
$26,250,000
$437/SF
Building Size
60,000 SF
Asset Type
Industrial
Closing
Apr 14, 2021
AI
The industrial property located at 8350 Industrial Ave. in Roseville, CA and 250 N. Beck Ave. in Chandler, Arizona has been sold. The transaction took place on April 15, 2021. The property spans across 60,000 square feet and is categorized as an industrial asset. The sale price for this property was $26,250,000, which translates to a price per square foot of $437.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $26,250,000
- Address: 8350 Industrial Ave., Roseville, CA & 250 N. Beck Ave., Chandler, Arizona
- Market: Roseville, CA & Chandler, Arizona
The buyer of this property is Rich Gallagher, representing Erickson Companies. The sale was facilitated by a team of brokers from Cushman & Wakefield, including Phil Haenel, Mike Haenel, Andy Markham, and Will Strong.
Players
Roseville Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.60%
Cash-on-Cash
-0.17%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93