Updated Oct 29, 2024
Unknown Institutional Investor Acquires Property At 6275 Lance Dr Riverside By Ian DeVries And Darla Longo
6275 Lance Dr, Riverside, CA, 92507
Building Size
1 SF
Asset Type
—
Closing
Nov 19, 2023
About this deal
AI
The property asset involved in this transaction is located at 6275 Lance Dr, Riverside, CA, 92507. It is situated in the Riverside market and consists of 1 square foot. Details regarding the price of the transaction have not been disclosed.
Summary of transaction details:
- Property Type: Unknown
- Transaction Amount: Unknown
- Address: 6275 Lance Dr, Riverside, CA, 92507
- Market: Riverside
- Buyer's Representative: Ian DeVries
- Seller's Representative: Darla Longo (CBRE)
- Buyer: Unknown Institutional Investor
This transaction features representatives working on behalf of the buyer and seller. Ian DeVries represents the buyer, who is identified as an unknown institutional investor. Darla Longo from CBRE serves as the representative for the seller in this transaction.
On the Map
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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93