Infinity Investment Properties Acquires Retail Property In Folsom, CA For $11.3M
SOLD
California
See Similar DealsRetail
Sold 11/18/2022
SOLD
Infinity Investment Properties Acquires Retail Property In Folsom, CA For $11.3M
905 East Bidwell Street, Folsom, California 95630, United States
See Similar DealsRetail
Sold 11/18/2022
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.
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Deal Type
30 years
10 years
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
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