Updated Oct 29, 2024
Westcore Properties Acquires Legacy Ranch Inc Property In Rialto For $11.43M
360 S Lilac Ave, Rialto, CA, 92376
$11,430,000
$87/SF
Building Size
130,599 SF
Asset Type
—
Closing
Nov 19, 2023
About this deal
AI
The property asset involved in this transaction is located at 360 S Lilac Ave, Rialto, CA, 92376. The sale price for the property was $11,430,000.00, encompassing a total square footage of 130,599 and situated within the Rialto market.
Summary of transaction details:
- Property Type: Sale
- Transaction Amount: $11,430,000.00
- Address: 360 S Lilac Ave, Rialto, CA, 92376
- Market: Rialto
- Seller: Legacy Ranch, Inc.
- Buyer: Westcore Properties
- Seller's Representative: Chase Macleod
The transaction involved Westcore Properties as the buyer, acquiring the property from Legacy Ranch, Inc., who was represented in the deal by Chase Macleod. This transaction highlights the roles of the key individuals and companies engaged in the process of property acquisition.
Players
Rialto 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
1.39%
Cash-on-Cash
-0.40%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93