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415 P St, Sacramento, Ca 95...

Updated Oct 29, 2024

Pacifica Companies Acquires Senior Housing Property In Sacramento For $2.6M
SOLDSenior Housing

Pacifica Companies Acquires Senior Housing Property In Sacramento For $2.6M

415 P St, Sacramento, Ca 95814, United States

$2,600,000

$31/SF

Building Size

84,000 SF

Asset Type

Senior Housing

Closing

Aug 7, 2023

About this deal

AI

Pacifica Companies LLC, led by Ash Israni, has acquired Pioneer House, a senior housing property located at 415 P Street in downtown Sacramento. The property, which includes senior apartments and skilled nursing services, was sold by Cathedral Pioneer Church Homes for a total price of $2,600,000. With a total area of 84,000 square feet, the sale reflects a price per square foot of $31.

Summary of transaction details

  • Property Type: Senior Housing
  • Transaction Amount: $2,600,000
  • Property Address: 415 P Street, Sacramento
  • Market: Sacramento
  • Buyer: Pacifica Companies - Ash Israni
  • Seller: Cathedral Pioneer Church Homes

The acquisition of Pioneer House by Pacifica Companies marks a significant move in the senior housing market in Sacramento. As of now, there have been no new plans announced for the property. However, with Pacifica Companies' expertise in real estate, it will be interesting to see the future direction of this senior housing facility.

On the Map

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$2,600,000

$31/SF

Senior Housing

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Players

PC
Pacific CompaniesBuyer
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Los Angeles Senior Housing Market Snapshot

Boundary boundary · Senior Housing · Sale transactions

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Deal FAQ

About $31 per square foot on a published $2.6M for 84,000 square feet (2023).

Browse Los Angeles senior housing sales on Traded.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

6.10%

Cash-on-Cash

-1.74%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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