Khasigian Properties Acquires Retail Property In Sacramento For $10.1M
4241 Marconi Avenue, Sacramento, CA, USA
$10,125,000
$586/SF
Building Size
17,272 SF
Asset Type
Retail
Closing
Sep 30, 2021
AI
A retail property located at 4241 Marconi Avenue in Sacramento was recently sold for a price of $10,125,000. The property spans 17,272 square feet, resulting in a price per square foot of $586. The transaction took place on September 30, 2021, and involved the buyer, Khasigian Properties L.P., represented by Paul Khasigian. The sellers were Ling Sha Shiau, Peter S.H. Shiau, and Sha-Sha T.F. Shiau. The sale was facilitated by broker Eric Mandell from Ally Commercial Real Estate.
Summary of transation details
- Property Type: Retail
- Transaction Amount: $10,125,000
- Market: Sacramento
- Address: 4241 Marconi Avenue
- Buyer: Khasigian Properties L.P. - Paul Khasigian
- Seller: Ling Sha Shiau, Peter S.H. Shiau, and Sha-Sha T.F. Shiau
- Broker: Eric Mandell - Ally Commercial Real Estate
If you are interested in buying or selling property, you can contact Ally Commercial Real Estate at [email protected] or call 424-317-0308.
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
1.57%
Cash-on-Cash
-0.45%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93