Updated Oct 28, 2024
CenterSquare Investment Management Acquires Retail Property In Elk Grove For $17.2M
9304 Elk Grove Florin Road, Elk Grove, California 95624, United States
$17,200,000
$390/SF
Building Size
44,090 SF
Asset Type
Retail
Closing
May 15, 2022
About this deal
AI
Located at 9304-9332 Elk Grove Road in Elk Grove, this retail property spans across 4.2 acres. The sale of this property took place on May 16, 2022. The asset consists of 44,090 square feet of space, with a sale price of $17,200,000. The price per square foot amounts to $390.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $17,200,000
- Address: 9304-9332 Elk Grove Road
- Market: Elk Grove
- Acres: 4.2
CenterSquare Investment Management acquired this property from Pacific Castle Management. The deal was facilitated by JLL brokers Eric Kathrein, Gleb Lvovich, Bryan Ley, and Warren McClean.
Players
Elk Grove 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
0.92%
Cash-on-Cash
-0.26%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93