Updated Oct 28, 2024
Sierra Landmark Acquires Retail Property In Brentwood For $53M From GSG Partners
2400 Sand Creek Road, Brentwood, California 94513, United States
$53,000,000
$520/SF
Building Size
101,922 SF
Asset Type
Retail
Closing
Aug 24, 2022
About this deal
AI
Located at 2400 Sand Creek Road in Brentwood, this retail property was recently sold in a transaction on August 25, 2022. The property spans a total of 101,922 square feet and was sold at a price of $53,000,000, resulting in a price per square foot of $520.
Summary of transation details
- Property Type: Retail
- Transaction Amount: $53,000,000
- Address: 2400 Sand Creek Road
- Market: Brentwood
Sierra Landmark acted as the buyer in this transaction, while GSG Partners served as the seller. This sale represents a significant deal in the retail market, highlighting the ongoing activity in the area.
Players
Brentwood 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
0.30%
Cash-on-Cash
-0.09%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93