Lewis Capital Advisors Acquires Retail Property In Rancho Cordova For $4.8M
4041 Sunrise Boulevard
$4,800,000
$813/SF
Building Size
5,900 SF
Asset Type
Retail
Closing
Jun 5, 2024
AI
The property involved in the transaction is Shops III at Anatolia Marketplace, a retail asset located at 4041 Sunrise Boulevard in Rancho Cordova. This multi-tenant retail pad spans 5,900 square feet and was sold for $4,800,000, equating to a price per square foot of $814.
Summary of transation details:
- Property Type: Retail
- Transaction Amount: $4,800,000
- Address: 4041 Sunrise Boulevard
- Market: Rancho Cordova
- Seller: Anatolia Marketplace LLC
- Buyer's Rep: Craig Lewis - Lewis Capital Advisors
- Seller's Rep: Bill Asher & Jeff Lefko - Hanley Investment Group
Craig Lewis of Lewis Capital Advisors represented the buyer, a local private investor, in the $4.8 million transaction of Shops III at Anatolia Marketplace. On the other hand, Bill Asher and Jeff Lefko from Hanley Investment Groupfacilitated the deal on behalf of the seller, Anatolia Marketplace LLC. The retail pad features tenants such as Popeyes and Cold Stone Creamery.
Players
Rancho Cordova Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.30%
Cash-on-Cash
-0.94%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93