Khasigian Properties Acquires Retail Property In Sacramento For $10.1M
SOLD
$10,125,000
California
See Similar DealsRetail17,272 SF
Sold 09/30/2021
SOLD
Khasigian Properties Acquires Retail Property In Sacramento For $10.1M
4241 Marconi Avenue, Sacramento, CA, USA
See Similar DealsRetail17,272 SF
Sold 09/30/2021
Summary
CALIFORNIA
Asset Type:Retail
Price Per Square Foot:$586
Total Square Footage:17,272 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$540,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$35,971.99
Cash-on-Cash Return-1.27%
Monthly Debt Service$47,997.67
Annual Debt Service$575,971.99
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