Sierra Ridge Capital And Pacific Properties Group Secure $25 Million Loan For Industrial Asset In Riverside

The assets involved in this transaction include two industrial properties located at 12000 Magnolia Avenue and 1110 Palmyrita Avenue in Riverside, with a total square footage of 132,800. The loan amount secured for these assets is $25,000,000, provided by Lincoln Financial Group for acquisition purposes.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $25,000,000
• Lender: Lincoln Financial Group
• Borrower: Daniel Palmieri & Nick Angelich - Sierra Ridge Capital & Pacific Properties Group
• Brokers: Jeff Sause, Danny Ryan & Jenny Barger - JLL

This transaction involves key individuals including Daniel Palmieri and Nick Angelich, who are associated with Sierra Ridge Capital and Pacific Properties Group, representing the borrowing entity. The brokerage side of the deal is represented by Jeff Sause, Danny Ryan, and Jenny Barger from JLL, facilitating the transaction process.