Updated May 21, 2025
Armstrong Development Properties Sells Childcare Facility To Sacramento Investor For $6.1M
8330 Elk Grove Florin Road
$6,100,000
$610/SF
Building Size
9,990 SF
Asset Type
Retail
Closing
May 19, 2025
About this deal
AI
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:
- Property Type: Retail
- Transaction Amount: $6,100,000
- Square Footage: 9,990
- Address: 8330 Elk Grove Florin Road
- Market: Sacramento
- Seller: Armstrong Development Properties, Inc
- Buyer's Representative: Mason Canter - The Mason Canter Group
- Seller's Representatives: Bill Asher & Jeff Lefko - Hanley Investment Group
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.
On the Map
$6,100,000
$610/SF
Retail
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Players
Sacramento 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
2.60%
Cash-on-Cash
-0.74%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93