Updated Oct 29, 2024
Ken Turton Acquires Mixed-Use Property In Midtown Sacramento For $2.1M
1026 22nd St Sacramento, CA 95816, USA
$2,100,000
Building Size
—
Asset Type
Mixed-use
Closing
Jun 8, 2023
About this deal
AI
Ken Turton, founder of Turton Commercial Real Estate, has purchased a mixed-use commercial property in Midtown Sacramento. The property, located at 1026 22nd Street, was sold by Patrick Gallery & Daniel F Gallery Living Trust for a price of $2,100,000.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $2,100,000
- Address: 1026 22nd Street
- Market: Midtown Sacramento
Ken Turton plans to renovate the building to enhance its value and attract new tenants. The property includes retail and apartment spaces, offering potential for diverse revenue streams. Turton Commercial Real Estate, represented by Ken Turton himself, carried out the transaction.
On the Map
$2,100,000
Mixed-use
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Players
Los Angeles Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
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Deal FAQ
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
7.55%
Cash-on-Cash
-2.16%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93