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Marcus & Millichap Facilitates Sale Of Retail Building In Dixon For $3.6 Million

Property Image
SOLD
$3,600,000

California

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Retail13,132 SF
Sold 05/13/2024
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Property Image
SOLD

Marcus & Millichap Facilitates Sale Of Retail Building In Dixon For $3.6 Million

105 Dorset Drive

See Similar Deals
Retail13,132 SF
Sold 05/13/2024
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Summary

CALIFORNIA
Asset Type:Retail
Price Per Square Foot:$274
Total Square Footage:13,132 SF
Transaction Type:Sale

A retail building located at 105 East Dorset Drive in Dixon, CA, has been sold for $3.6 million. The asset encompasses 13,132 square feet of retail space and is situated southwest of Sacramento. The property was transferred between private investors in this transaction.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $3,600,000
  • Square Footage: 13,132 SF
  • Price per Square Foot: $274
  • Address: 105 East Dorset Drive
  • Market: Dixon

The sale transaction was facilitated by Marcus & Millichap, with Michael Grandstaff and Christopher Hurd representing both parties involved in the deal. The involvement of these brokers ensured a smooth transaction process for the two private investors.

Players

Michael Grandstaff
2 deals$5.7M volume(916) 724-1272
BROKER

Christopher Hurd
Marcus & Millichap
3 deals$7.3M volume(916) 724-1282
BROKER

Details

SOLD
IMAGE: 05/13/2024 ADDRESS: 105 East Dorset Drive MARKET: Dixon ASSET TYPE: Retail BROKERS: Christopher Hurd & Michael Grandstaff - Marcus & Millichap SALE PRICE: $3,600,000 SF: 13,132 ~ PPSF: $274 NOTE: Marcus & Millichap facilitated the sale of a retail building at 105 E. Dorset Drive in Dixon, CA, situated southwest of Sacramento, for $3.6 million. The property, boasting 13,132 square feet of retail space, was sold by one private investor to another, with Michael Grandstaff and Christopher Hurd from Marcus & Millichap representing both parties in the transaction.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$192,000.00

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$12,790.04
Cash-on-Cash Return-1.27%
Monthly Debt Service$17,065.84
Annual Debt Service$204,790.04