Updated Oct 28, 2024
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
About this deal
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.
The industrial loan at 14950 Meridian Parkway, Riverside, California 92518, United States in Riverside, California financed for $124M in 2022. The building is 1,170,000 square feet, implying about 106 per square foot on the published price. Named participants on the 14950 Meridian Parkway, Riverside, California 92518, United States loan are David G. Mgrublian, Murad Siam. This page is the Riverside, California file for the 14950 Meridian Parkway, Riverside, California 92518, United States industrial financed: pricing, party profiles, and other closed industrial comps from the same Riverside sit in the Market section below. Filter that Riverside industrial set by closing date to see what else financed near 14950 Meridian Parkway, Riverside, California 92518, United States around 2022. Published consideration for 14950 Meridian Parkway, Riverside, California 92518, United States is $124M, dated 2022. Cite this JLL Capital Markets Arranges $124M Loan For Industrial Property In Riverside, CA loan when underwriting similar industrial product around Riverside, California.
On the Map
$124,000,000
$106/SF
Industrial
View full map
Players
Riverside Industrial Market Snapshot
Boundary boundary · Industrial · Loan transactions
Loading comparables…
Deal FAQ
Visit David G. Mgrublian to view all their deals.
Browse California industrial loans on Traded.
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