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CapRock Partners Acquires 22.88-Acre Development Site In Moreno Valley For $28.5M
SOLD
$28,500,000
California
See Similar DealsDevelopment Site
Sold 06/07/2023
SOLD
CapRock Partners Acquires 22.88-Acre Development Site In Moreno Valley For $28.5M
30050 Eucalyptus St Moreno Valley, CA 92555, USA
See Similar DealsDevelopment Site
Sold 06/07/2023
Summary
CALIFORNIA
Asset Type:Development Site
Transaction Type:Sale
Inland Empire-based real estate firm CapRock Partners has acquired a 22.88-acre industrial development site in Moreno Valley. The property, located at 30050 Eucalyptus Street, was purchased from CRG for a sale price of $28,500,000.
Summary of transaction details
- Property Type: Development Site
- Transaction Amount: $28,500,000
- Market: Moreno Valley
- Address: 30050 Eucalyptus Street
- Buyer: CapRock Partners - Patrick Daniels
- Seller: CRG
The acquisition of the 22.88-acre industrial development site in Moreno Valley was made by CapRock Partners, with Patrick Daniels representing the buyer. The property, located at 30050 Eucalyptus Street, was sold by CRG.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,519,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$101,254.49
Cash-on-Cash Return-1.27%
Monthly Debt Service$135,104.54
Annual Debt Service$1,621,254.48
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