Updated Oct 28, 2024
Solaris Capital & ProEquity Acquires Office Building In El Dorado Hills For $49.3M
4201 Town Center Boulevard
$49,300,000
$201/SF
Building Size
244,983 SF
Asset Type
Office
Closing
Aug 19, 2022
About this deal
AI
The office property located at 4201-4207 Town Center Blvd. in El Dorado Hills was sold on August 19, 2022. The transaction was facilitated by JLL Capital Markets on behalf of the seller, Blue Shield of California. The property was purchased by Solaris Capital & ProEquity Asset Management Corporation for a total sale price of $49,300,000. The office space spans a total area of 244,983 square feet, resulting in a price per square foot of $201.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $49,300,000
- Address: 4201-4207 Town Center Blvd.
- Market: El Dorado Hills
Solaris Capital & ProEquity Asset Management Corporation acted as the buyer in this transaction, while Blue Shield of California served as the seller. The deal was facilitated by JLL Capital Markets.
Players
El Dorado Hills 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
0.32%
Cash-on-Cash
-0.09%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93