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DPI Retail Acquires Power Plaza In Vacaville, CA For $29.2M From ProEquity Asset Management

Property Image
SOLD
$29,200,000
Warren McClean
Tim Kuruzar
Eric Kathrein
+ 1

California

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Retail112,250 SF
Sold 08/23/2023
the dealplayerscompscontact
Property Image
SOLD

DPI Retail Acquires Power Plaza In Vacaville, CA For $29.2M From ProEquity Asset Management

1001 Helen Power Dr Vacaville, Ca 95687, Usa

See Similar Deals
Retail112,250 SF
Sold 08/23/2023
Warren McClean
Tim Kuruzar
Eric Kathrein
+ 1
the dealplayerscompscontact
Contact now

Summary

CALIFORNIA
Asset Type:Retail
Price Per Square Foot:$260
Total Square Footage:112,250 SF
Transaction Type:Sale

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.

Players

Eric Kathrein
JLL
Eric Kathrein
20 deals$800.3M volume(415) 510-6961
BROKER
Tim Kuruzar
NorthMarq
Tim Kuruzar
13 deals$280.7M volume(424) 401-9203
BROKER
Warren McClean
JLL
Warren McClean
14 deals$480.3M volume
BROKER
Andy Spangenberg
JLL
Andy Spangenberg
1 deal$29.2M volume(415) 276-6938
BROKER
DR
DPI Retail
BUYER

Details

SOLD
IMAGE: Andy Spangenberg, Eric Kathrein, Warren McClean & Tim Kuruzar DATE: 08/23/2023 ADDRESS: 1001-1071 Helen Power Drive MARKET: Vacaville ASSET TYPE: Retail BUYER: DPI Retail SELLER: ProEquity Asset Management BROKERS: Eric Kathrein, Tim Kuruzar, Warren McClean & Andy Spangenberg - JLL SALE PRICE: $29,200,000 SF: 112,250 ~ PPSF: $260 NOTE: DPI Retail buys 112,250 sq ft Power Plaza in Vacaville, CA, for $29.2M from ProEquity Asset Management. Anchored by Sprouts, strategically located near Interstate 80 with strong leasing and recent signings; JLL facilitated the deal and managed a similar sale in Fort Worth, Texas.

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

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Cash Flow (Annual)-$103,741.43
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