Updated Apr 11, 2025
Sterling Organization Purchases Retail Asset From Blackrock & Citivest For $61.1 Million
1900 Tice Valley Boulevard
$61,100,000
$506/SF
Building Size
120,531 SF
Asset Type
Retail
Closing
Apr 4, 2025
About this deal
AI
The retail property asset located at 1900 Tice Valley Boulevard in Walnut Creek has been sold for $61,100,000. The property encompasses a total area of 120,531 square feet, resulting in a price per square foot of $506.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $61,100,000
- Buyer: Sterling Organization
- Seller: Blackrock & Citivest
- Broker Representatives: Eric Kathrein, Geoff Tranchina, Gleb Lvovich & Daniel Tyner - JLL
This transaction involved key representatives from JLL, who facilitated the deal. Eric Kathrein, Geoff Tranchina, Gleb Lvovich, and Daniel Tyner played a crucial role in representing the buyer and seller. Their combined expertise contributed to the successful completion of this retail property sale.
Players
Walnut Creek 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
0.26%
Cash-on-Cash
-0.07%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93