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905 East Bidwell Street, Fo...

Infinity Investment Properties Acquires Retail Property In Folsom, CA For $11.3M
SOLDRetail

Infinity Investment Properties Acquires Retail Property In Folsom, CA For $11.3M

905 East Bidwell Street, Folsom, California 95630, United States

$11,300,000

Building Size

Asset Type

Retail

Closing

Nov 18, 2022

AI

Located at 905 E. Bidwell Street in Folsom, CA, this retail property spans across 2.7 acres. The property, sold by VR Folsom, recently changed hands for a sale price of $11,300,000 on 11/18/2022.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $11,300,000
  • Address: 905 E. Bidwell Street, Folsom, CA
  • Market: Folsom, CA
  • ACRES: 2.7

The buyer, represented by Infinity Investment Properties, and the seller, represented by Jeff Conover, Shaun Riley & Scott DeYoung of Faris Lee Investments, were the key individuals and companies involved in this transaction.

Players

Jeff Conover

Faris Lee Investments

Broker

$346M

vol

28 deals

Broker

Folsom 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

1.40%

Cash-on-Cash

-0.40%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93