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925 L St, Sacramento, Calif...

Updated Oct 28, 2024

Seagate Properties & Cottonwood Group Acquire Office Building In Sacramento For $55.1M
SOLDOffice

Seagate Properties & Cottonwood Group Acquire Office Building In Sacramento For $55.1M

925 L St, Sacramento, California 95814, United States

$55,100,000

$326/SF

Building Size

168,844 SF

Asset Type

Office

Closing

Sep 26, 2022

About this deal

AI

The property at 925 L Street in Sacramento, CA was recently sold in a transaction involving Seagate Properties and Cottonwood Group as the buyers, and Soma Capital Partners and Hazelview Investments as the sellers. The sale was facilitated by Rob Hielscher, Erik Hanson, and Nick Deaver from JLL Capital Markets.

Summary of transaction details

  • Property Type: Office
  • Transaction Amount: $55,100,000
  • Square Footage: 168,844 SF
  • Price Per Square Foot: $326
  • Market: Sacramento, CA

This deal showcases the collaboration between Seagate Properties, Cottonwood Group, Soma Capital Partners, and Hazelview Investments in the purchase and sale of the office property. With a total area of 168,844 square feet, this transaction was closed at a price of $55,100,000, resulting in a price per square foot of $326. The property is located at 925 L Street in Sacramento, CA, which is part of the local market.

On the Map

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$55,100,000

$326/SF

Office

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Players

Rob Hielscher

JLL

Broker

$395.5M

vol

4 deals

Broker
CG
Cottonwood GroupBuyer
Bilt advertisement

Sacramento Office Market Snapshot

Boundary boundary · Office · Sale transactions

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Deal FAQ

About $326 per square foot on a published $55.1M for 168,844 square feet (2022).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.29%

Cash-on-Cash

-0.08%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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