Updated Sep 8, 2026
311 Folsom LLC Acquires Folsom Lake Shopping Center For $8.5M From Fahn Family
311 East Bidwell Street & 337 East Bidwell Street
$8,500,000
$103/SF
Building Size
41,000 SF
Asset Type
Retail
Closing
Jul 22, 2026
About this deal
AI
The property asset involved in this transaction is a retail space located at 311-337 East Bidwell Street, in the market of Folsom, CA. The asset has a total square footage of 41,000 and was sold for a price of $8,500,000, which equates to a price per square foot of $207.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $8,500,000
- Buyer: 311 Folsom LLC
- Broker: Graham Clemons - TRI Commercial Real Estate Services
- Asset Size: 41,000 SF
- Price per SF: $207
- Market: Folsom, CA
Graham Clemons represented 311 Folsom LLC in the acquisition of the Folsom Lake Shopping Center, which was previously owned by members of the Fahn family. The new owner intends to reposition the retail center, focusing on upgrading the tenant mix and developing a restaurant pad site.
On the Map
$8,500,000
$103/SF
Retail
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Rio Grande 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
1.87%
Cash-on-Cash
-0.53%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93