Updated Oct 28, 2024
Nome Capital Partners Acquires Office Property In Sacramento For $57.5M
1625 North Market Boulevard, Sacramento, CA, USA
$57,500,000
$182/SF
Building Size
315,372 SF
Asset Type
Office
Closing
May 6, 2021
About this deal
AI
An office property located at 1625 & 1747 North Market Boulevard in Sacramento has been sold for a price of $57,500,000. The property spans a total of 315,372 square feet, resulting in a price per square foot of $182.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $57,500,000
- Address: 1625 & 1747 North Market Boulevard
- Market: Sacramento
- Square Feet: 315,372
- Price per Square Foot: $182
The buyer of the property is Nome Capital Partners, represented by Rohit Kumar, Jameel Nabulsi, and Raja Devineni.
Players
Sacramento 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
0.28%
Cash-on-Cash
-0.08%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93