Updated Sep 16, 2025
Ryan Fitzpatrick Of B.E. Fitzpatrick Development Inc Acquires Sacramento Retail Property For $16.5M
2830 Auburn Boulevard
$16,500,000
$412/SF
Building Size
40,000 SF
Asset Type
Retail
Closing
Sep 8, 2025
About this deal
AI
The asset involved in this transaction is a retail property located at 2804, 2820 & 2830 Auburn Boulevard in Sacramento. The property spans 4.5 acres and has a total square footage of 40,000. The sale price for the property was $16,500,000, which translates to a price per square foot of $413.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $16,500,000
- Acres: 4.5
- Square Footage: 40,000
- Price Per Square Foot: $413
- Buyer: Ryan Fitzpatrick - B.E. Fitzpatrick Development Inc
- Seller: Wise Auto Group
- Broker: Mike Luca - JLL
Ryan Fitzpatrick of B.E. Fitzpatrick Development Inc is set to reopen the property as a new auto dealership after acquiring it from Wise Auto Group, which sold the property as part of a strategic portfolio shift.
Players
Sacramento 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
0.96%
Cash-on-Cash
-0.27%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93