Hasmik Avanyan Purchases Mixed-Use Asset From Ethan Conrad For $3.89M In Rancho Cordova

The asset involved in this transaction is a mixed-use property located at 11418 Sunrise Gold Circle in Rancho Cordova. The property encompasses 28,941 square feet and sold for $3,890,000, which translates to a price per square foot of $134. The sale was executed by Ethan Conrad, who originally purchased the property in 2013 for $801,500, representing a significant return on investment.

Summary of transaction details:

• Property Type: Mixed-use
• Transaction Amount: $3,890,000
• Buyer: Hasmik Avanyan
• Seller: Ethan Conrad - Ethan Conrad Properties Inc
• Square Footage: 28,941 SF
• Price per Square Foot: $134
• Market: Rancho Cordova
• Current Lease: Partially leased to SPS Wholesale through November 2026
• Occupancy: Avanyan expected to occupy the remaining space as a partial owner-user

Ethan Conrad, representing Ethan Conrad Properties Inc, facilitated the sale to Hasmik Avanyan. The transaction reflects a strategic move in the real estate market, considering the property's current lease conditions and future occupancy plans.