Updated Oct 29, 2024
Los Angeles Investor Acquires Chipotle Property In Sacramento's Natomas Market For $4.95M
2650 Arena Blvd Sacramento, CA 95834, USA
$4,950,000
$2,109/SF
Building Size
2,347 SF
Asset Type
Retail
Closing
Aug 15, 2023
About this deal
AI
A Sacramento Chipotle property with a drive-thru for online orders has been sold to a Los Angeles investor for $4.95 million, setting a record per-square-foot sale at 2650 Arena Blvd in Natomas. The property encompasses 2,347 square feet and sold at a price of $2,109 per square foot. The appeal of this property lies in Chipotle's 15-year lease and its proximity to an upcoming Costco store.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $4,950,000
- Address: 2650 Arena Boulevard
- Market: Natomas
- Seller: Chase Partners Ltd
- Buyer's Representative: Jenny Eng - CBRE
- Seller's Representatives: Bill Asher & Jeff Lefko - Hanley Investment Group
The buyer's representative in this deal was Jenny Eng from CBRE, while the seller's representatives were Bill Asher and Jeff Lefko from Hanley Investment Group.
On the Map
$4,950,000
$2,109/SF
Retail
View full map
Players
Sacramento Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
Loading comparables…
Deal FAQ
Visit Jenny Eng to view all their deals.
Browse California retail sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.20%
Cash-on-Cash
-0.92%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93