Sierra Ridge Capital Secures $25 Million Acquisition Loan For Industrial Portfolio In Riverside

The asset involved in this transaction is a 238,473-square-foot light industrial portfolio located at 12000 Magnolia Avenue, Riverside, CA. The acquisition loan amount is $25,000,000.

Summary of transation details:

• Property Type: Industrial
• Transaction Amount: $25,000,000
• Lender: Pacific Properties Group
• Landlord: Sierra Ridge Capital
• Brokers: Jeff Sause, Danny Ryan & Jenny Barger - JLL
• Loan Type: Acquisition

The financing was arranged by JLL’s Debt Advisory team, led by Jeff Sause, specifically for Sierra Ridge Capital’s purchase of the industrial portfolio, showcasing the role of the brokerage in facilitating the acquisition.