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

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SOLD
$11,300,000

California

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Retail
Sold 11/18/2022
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Property Image
SOLD

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

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

See Similar Deals
Retail
Sold 11/18/2022
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Summary

CALIFORNIA
Asset Type:Retail
Transaction Type:Sale

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
28 deals$346M volume
BROKER

Scott DeYoung
25 deals$311.2M volume(949) 221-1835
BROKER

Shaun Riley
Faris Lee Investments
11 deals$120.9M volume
BROKER

Details

SOLD
IMAGE: Jeff Conover, Shaun Riley & Scott DeYoung DATE: 11/18/2022 ADDRESS: 905 E. Bidwell Street MARKET: Folsom, CA ASSET TYPE: Retail ~ ACRES: 2.7 SELLER: VR Folsom BUYER'S REP: Infinity Investment Properties (@InfinityInvestmentProperties) SELLER'S REP: Jeff Conover, Shaun Riley & Scott DeYoung - Faris Lee Investments SALE PRICE: $11,300,000

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

$602,666.66

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$40,146.52
Cash-on-Cash Return-1.27%
Monthly Debt Service$53,567.76
Annual Debt Service$642,813.18