Updated Oct 29, 2024
Koreana Management LLC Acquires 24,133 SF Office Building In Sacramento For $3.65M
3127 Fite Cir Sacramento, CA 95827, USA
$3,650,000
$151/SF
Building Size
24,133 SF
Asset Type
Office
Closing
Jun 27, 2023
About this deal
AI
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.
On the Map
$3,650,000
$151/SF
Office
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.35%
Cash-on-Cash
-1.24%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93