Updated Dec 4, 2024
Visions In Education Acquires Gold River Office Building For $6.7M
11931 Foundation Pl
$6,700,000
$105/SF
Building Size
63,387 SF
Asset Type
Office
Closing
Nov 6, 2023
About this deal
AI
A 63,387-square-foot office building located at 11931 Foundation Place in Gold River, California has been sold for $6,700,000. The two-story building was purchased by Visions in Education. The sale was facilitated by brokers Kevin Partington and Kris Kalmbach from Cushman & Wakefield.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $6,700,000
- Square Footage: 63,387
- Price per Square Foot: $106
- Market: Gold River
- Buyer: Visions in Education - Tom Tafoya
- Brokers: Kevin Partington & Kris Kalmbach - Cushman & Wakefield
Cushman & Wakefield advised the sale of the office building to Visions in Education. This deal was successfully negotiated by brokers Kevin Partington and Kris Kalmbach from Cushman & Wakefield.
Players
Gold River Office Market Snapshot
Boundary boundary · Office · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.37%
Cash-on-Cash
-0.68%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93