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
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