Updated Oct 29, 2024
Dornin Investment Group Acquires Riverside Property From EverWest Real Estate Investors For $44.25M
2300 Market Street, Riverside, CA, 92...
$44,250,000
$197/SF
Building Size
223,711 SF
Asset Type
—
Closing
Nov 20, 2023
About this deal
AI
The property located at 2300 Market Street, Riverside, CA, encompasses a total square footage of 223,711. The transaction was finalized for the price of $44,250,000. The market for this asset is Riverside, which is significant for its growth and investment potential.
Summary of transation details:
- Property Type: Sale
- Transaction Amount: $44,250,000.00
- Address: 2300 Market Street, Riverside, CA
- Market: Riverside
- Seller: EverWest Real Estate Investors
- Buyer: Dornin Investment Group
- Seller's Representatives: Ken White, Kevin Shannon (Newmark)
- Square Footage: 223711
In this transaction, Dornin Investment Group acquired the property from EverWest Real Estate Investors. The deal involved representatives from Newmark, highlighting the brokerage's role in facilitating this significant transaction in the Riverside market.
On the Map
$44,250,000
$197/SF
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Players
Riverside CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.36%
Cash-on-Cash
-0.10%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93