Updated Oct 28, 2024
Ethan Conrad Properties Inc Acquires Office Building In Sacramento For $22M
2180 Harvard Street, Sacramento, California 95815, United States
$22,000,000
$138/SF
Building Size
158,704 SF
Asset Type
Office
Closing
Sep 6, 2022
About this deal
AI
Ethan Conrad Properties Inc, a real estate company based in Sacramento, recently closed a transaction for an office property located at 2180 Harvard St. The property, situated in the Sacramento market, spans a total area of 158,704 square feet. The sale, facilitated by Ethan Conrad as the buyer's representative, was completed on 09/07/2022.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $22,000,000
- Sale Price per Square Foot: $139
The seller, Insight Realty Co., successfully sold the property to Ethan Conrad Properties Inc. at the aforementioned sale price. Ethan Conrad, as the buyer, acquired this office asset in Sacramento, further expanding their real estate portfolio.
On the Map
$22,000,000
$138/SF
Office
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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
0.72%
Cash-on-Cash
-0.21%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93