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5901 Florin Road, Sacrament...

Ethan Conrad Properties Acquires Retail Property In Sacramento From Seritage Growth Properties
SOLDRetail

Ethan Conrad Properties Acquires Retail Property In Sacramento From Seritage Growth Properties

5901 Florin Road, Sacramento, California 95823, United States

$10,200,000

$41/SF

Building Size

245,596 SF

Asset Type

Retail

Closing

Oct 23, 2022

AI

5901 Florin Rd in Sacramento, CA has been sold in a retail transaction for $10,200,000. The property spans 245,596 square feet, resulting in a price per square foot of $42. The transaction took place on October 24, 2022.

Summary of transaction details

  • Property Type: Retail
  • Transaction Amount: $10,200,000
  • Address: 5901 Florin Rd, Sacramento, CA
  • Date: October 24, 2022
  • Market: Sacramento, CA

The buyer of the property was Ethan Conrad Properties, while the seller was Seritage Growth Properties. The transaction was facilitated by brokers Daniel Tyner, Gleb Lvovich, and Geoff Tranchina from JLL.

Players

Daniel Tyner

JLL

Broker

$2.1B

vol

64 deals

Broker
Ethan Conrad

Ethan Conrad

Properties

Buyer

$72.7M

vol

6 deals

Buyer
Seritage Growth Properties
Seritage Growth PropertiesSeller

Elk Grove 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

1.56%

Cash-on-Cash

-0.44%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93