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Armstrong Development Properties Sells Childcare Facility To Sacramento Investor For $6.1M

Property Image
SOLD
$6,100,000
Mason Canter
Jeff Lefko
Bill Asher

California

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Retail9,990 SF
Sold 05/19/2025
the dealplayerscompscontact
Property Image
SOLD

Armstrong Development Properties Sells Childcare Facility To Sacramento Investor For $6.1M

8330 Elk Grove Florin Road

See Similar Deals
Retail9,990 SF
Sold 05/19/2025
Mason Canter
Jeff Lefko
Bill Asher
the dealplayerscompscontact
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Summary

CALIFORNIA
Asset Type:Retail
Price Per Square Foot:$610
Total Square Footage:9,990 SF
Transaction Type:Sale

This transaction involves the sale of a 9,990 square foot retail asset located at 8330 Elk Grove Florin Road in Sacramento, CA. The property, which encompasses 0.99 acres, was sold for $6,100,000. It includes a 17-year lease with The Learning Experience featuring 6% rent increases and a $1M corporate guaranty.

Summary of transaction details:

The transaction was completed 45 days after the opening of escrow, facilitating the acquisition by a Sacramento-area investor. Hanley Investment Group played a crucial role in brokering this transaction on behalf of Armstrong Development Properties.

Players

Bill Asher
Hanley Investment Group
Bill Asher
90 deals$653.6M volume
BROKER
Jeff Lefko
Hanley Investment Group
Jeff Lefko
88 deals$611.2M volume
BROKER
Mason Canter
Keller Williams Realty
Mason Canter
2 deals$10.7M volume
BROKER

Details

SOLD
IMAGE: Bill Asher, Jeff Lefko & Mason Canter DATE: 05/19/2025 ADDRESS: 8330 Elk Grove Florin Road MARKET: Sacramento ASSET TYPE: Retail ~ ACRES: 0.99 SELLER: Armstrong Development Properties, Inc BUYER'S REP: Mason Canter (@Mason_Canter) - The Mason Canter Group SELLER'S REP: Bill Asher & Jeff Lefko @JeffLef80) - Hanley Investment Group (@HanleyInvestmentGroup) SALE PRICE: $6,100,000 SF: 9,990 ~ PPSF: $611 NOTE: Hanley Investment Group brokered the $6.1M sale of a 9,990 SF single-tenant childcare facility leased to The Learning Experience in Elk Grove, CA, on behalf of Armstrong Development Properties. The newly built property features a 17-year lease with 6% rent bumps and a $1M corporate guaranty, and was acquired by a Sacramento-area investor 45 days after escrow opened.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$325,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$21,672.03
Cash-on-Cash Return-1.27%
Monthly Debt Service$28,917.11
Annual Debt Service$347,005.34