Updated May 21, 2025
Market Street Healthcare Properties Acquires Medical Office In Folsom For $12.8M From 80 Iron Point LLC
80 Iron Point Circle
$12,800,000
$205/SF
Building Size
62,250 SF
Asset Type
Medical Office
Closing
May 20, 2025
About this deal
AI
A 62,250-square-foot medical office building located at 80 Iron Point Circle in Folsom has been sold for $12,800,000. This asset is situated in a competitive market and is partially occupied by healthcare and non-healthcare tenants.
Summary of transaction details:
- Property Type: Medical Office
- Transaction Amount: $12,800,000
- Address: 80 Iron Point Circle
- Market: Folsom
- Sale Price per Square Foot: $206
- Buyer: Neil Davis Wachsberger - Market Street Healthcare Properties
- Seller: Stephen Zehnder - 80 Iron Point LLC
Neil Davis Wachsberger, representing Market Street Healthcare Properties, has acquired the property to enhance its holdings within the Sacramento-area medical real estate sector. The seller, Stephen Zehnder of 80 Iron Point LLC, has finalized this transaction, transferring ownership of the asset.
Folsom Medical Office Market Snapshot
Boundary boundary · Medical Office · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.24%
Cash-on-Cash
-0.35%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93