Updated Oct 29, 2024
DPI Retail Acquires Power Plaza In Vacaville, CA For $29.2M From ProEquity Asset Management
1001 Helen Power Dr Vacaville, Ca 95687, Usa
$29,200,000
$260/SF
Building Size
112,250 SF
Asset Type
Retail
Closing
Aug 23, 2023
About this deal
AI
DPI Retail has acquired the 112,250 square foot Power Plaza in Vacaville, CA, for $29.2 million. The property, located at 1001-1071 Helen Power Drive, is a retail asset anchored by Sprouts. Situated near Interstate 80, the plaza boasts a strategic location with strong leasing and recent signings.
Summary of transaction details
- Property Type: Retail
- Sale Price: $29,200,000
- Square Footage: 112,250
- Price per Square Foot: $260
- Address: 1001-1071 Helen Power Drive
- Market: Vacaville
The sale was facilitated by JLL, with brokers Eric Kathrein, Tim Kuruzar, Warren McClean, and Andy Spangenberg representing both the buyer, DPI Retail, and the seller, ProEquity Asset Management. This transaction adds to JLL's portfolio, as they recently managed a similar sale in Fort Worth, Texas.
On the Map
$29,200,000
$260/SF
Retail
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Players
Power Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.54%
Cash-on-Cash
-0.16%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93