JLL Capital Markets Arranges $124M Loan For Industrial Property In Riverside, CA
14950 Meridian Parkway, Riverside, California 92518, United States
$124,000,000
$106/SF
Building Size
1,170,000 SF
Asset Type
Industrial
Closing
Sep 25, 2022
AI
The industrial property located at 14950 Meridian Parkway in Riverside, CA has been involved in a recent transaction. The property spans approximately 1,170,000 square feet and is owned by IDS Real Estate Group - David G. Mgrublian & Murad Siam.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $124,000,000
- Date: 09/26/2022
- Market: Riverside, CA
The lender in this transaction is Northwestern Mutual, providing a 10-year fixed-rate loan. JLL Capital Markets acted as the broker in the deal.
Players
Riverside Industrial Market Snapshot
Boundary boundary · Industrial · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.13%
Cash-on-Cash
-0.04%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93