Updated Oct 28, 2024
Ethan Conrad Properties Acquires Retail Property In Citrus Heights For $16.7M
7867 Lichen Drive, Citrus Heights, California 95621, United States
$16,700,000
$123/SF
Building Size
135,000 SF
Asset Type
Retail
Closing
Jan 6, 2022
About this deal
AI
Located at 7867 Lichen Dr. in Citrus Heights, this retail property has been recently sold. The property spans 135,000 square feet and was sold for a total of $16,700,000, resulting in a price per square foot of $155.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $16,700,000
- Market: Citrus Heights
- Buyer: Ethan Conrad Properties
- Seller: Citivest Commercial Investments
- Brokers: Bill Rose, Edward Nelson, and Wyatt Figeroa from Marcus & Millichap
The deal was facilitated by the brokers Bill Rose, Edward Nelson, and Wyatt Figeroa from Marcus & Millichap. They represented both the buyer, Ethan Conrad Properties, and the seller, Citivest Commercial Investments.
On the Map
$16,700,000
$123/SF
Retail
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Players
Citrus Heights 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
0.95%
Cash-on-Cash
-0.27%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93