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Koreana Management LLC Acquires 24,133 SF Office Building In Sacramento For $3.65M

Property Image
SOLD
$3,650,000

California

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Office24,133 SF
Sold 06/27/2023
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Property Image
SOLD

Koreana Management LLC Acquires 24,133 SF Office Building In Sacramento For $3.65M

3127 Fite Cir Sacramento, CA 95827, USA

See Similar Deals
Office24,133 SF
Sold 06/27/2023
the dealplayerscompscontact
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Summary

CALIFORNIA
Asset Type:Office
Price Per Square Foot:$151
Total Square Footage:24,133 SF
Transaction Type:Sale

Ethan Conrad Properties has sold a 24,133-square-foot office/industrial building located at 3127 Fite Circle in Sacramento's market of Rancho Cordova. The buyer, Koreana Management LLC, acquired the property for $3.65 million. The sale price translates to approximately $151 per square foot.

Summary of Transaction Details

  • Property Type: Office
  • Transaction Amount: $3,650,000
  • Square Footage: 24,133
  • Address: 3127 Fite Circle, Sacramento
  • Market: Sacramento

Race Merritt of Ethan Conrad Properties Inc facilitated the transaction as the broker representing the seller, Ethan Conrad Properties. Connor Finch also represented Ethan Conrad Properties in the deal. The buyer, Koreana Management LLC, intends to use the space for storage. In turn, Ethan Conrad Properties plans to allocate the proceeds from the sale towards the purchase of a retail property in Merced.

Players

Race Merritt
Race Merritt
1 deal$3.7M volume
BROKER
EI
Ethan Conrad Properties Inc
SELLER

Details

SOLD
IMAGE: Race Merritt DATE: 06/27/2023 ADDRESS: 3127 Fite Circle MARKET: Sacramento ASSET TYPE: Office BUYER: Koreana Management LLC SELLER: Ethan Conrad Properties (@EthanConradProp) - Connor Finch BROKER: Race Merritt - Ethan Conrad Properties Inc SALE PRICE: $3,650,000 SF: 24,133 ~ PPSF: $151 NOTE: Ethan Conrad has sold a 24,133-square-foot office/industrial building in Rancho Cordova to Koreana Management LLC for $3.65 million. The buyer plans to use the space for storage, while Conrad intends to use the proceeds for a retail property purchase in Merced.

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