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6275 Lance Dr, Riverside, C...

Unknown Institutional Investor Acquires Property At 6275 Lance Dr Riverside By Ian DeVries And Darla Longo
SOLD

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

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.

Players

Darla Longo

CBRE

Broker

$1.3B

vol

22 deals

Broker
UI
Unknown Institutional InvestorBuyer

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