Ethan Conrad Properties Acquires Retail Property In Sacramento From Seritage Growth Properties
SOLD
$10,200,000
+ 1
California
See Similar DealsRetail245,596 SF
Sold 10/24/2022
SOLD
Ethan Conrad Properties Acquires Retail Property In Sacramento From Seritage Growth Properties
5901 Florin Road, Sacramento, California 95823, United States
See Similar DealsRetail245,596 SF
Sold 10/24/2022
+ 1
Summary
CALIFORNIA
Asset Type:Retail
Price Per Square Foot:$41
Total Square Footage:245,596 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$544,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$36,238.44
Cash-on-Cash Return-1.27%
Monthly Debt Service$48,353.20
Annual Debt Service$580,238.45
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