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Invesco Real Estate Secures $60 Million Loan From Northwestern Mutual For Riverside Industrial Facility

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FINANCED
$60,000,000

California

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Industrial1,000,000 SF
Financed 05/27/2025
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FINANCED

Invesco Real Estate Secures $60 Million Loan From Northwestern Mutual For Riverside Industrial Facility

20901 Krameria Avenue

See Similar Deals
Industrial1,000,000 SF
Financed 05/27/2025
the dealplayerscompscontact
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Summary

CALIFORNIA
Asset Type:Industrial
Price Per Square Foot:$60
Total Square Footage:1,000,000 SF
Transaction Type:Loan

Invesco Real Estate has secured a loan for its industrial facility located at 20901 Krameria Avenue in Riverside. The fully leased property spans 1,000,000 square feet and is part of a 1,290-acre master-planned development, contributing to a market presence of over 11 million square feet completed to date.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $60,000,000
  • Loan Terms: five-year
  • Lender: Northwestern Mutual
  • Landlord: R. Scott Dennis - Invesco Real Estate
  • Previous Loan Amount: $28.8 million
  • Previous Loan Maturity: April 2025
  • Property Acquisition Price: $80.1 million
  • Year of Acquisition: 2017

R. Scott Dennis, representing Invesco Real Estate, is a key figure in this transaction. The deal reflects a strategic move to refinance and secure favorable terms for the existing mortgage, highlighting the ongoing commitment to the property that is currently occupied by Amazon.

Players

Northwestern Mutual
Northwestern Mutual
LENDER
R. Scott Dennis
Invesco Real Estate
R. Scott Dennis
12 deals$1.1B volume
LANDLORD

Details

FINANCED
IMAGE: R. Scott Dennis DATE: 05/27/2025 ADDRESS: 20901 Krameria Avenue MARKET: Riverside ASSET TYPE: Industrial ~ SF: 1,000,000 LENDER: Northwestern Mutual (@NorthwesternMutual) LANDLORD: R. Scott Dennis - Invesco Real Estate (@InvescoUS) LOAN AMOUNT: $60,000,000 LOAN TERMS: five-year NOTE: Invesco Real Estate secured a $60 million, five-year loan from Northwestern Mutual for its fully leased, 1 million-square-foot industrial facility in Riverside’s Meridian Business Park, replacing a $28.8 million loan set to mature this April. The Amazon-occupied property, acquired for $80.1 million in 2017, is part of a 1,290-acre master-planned development with over 11 million square feet completed to date.

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$60,000,000.00

Monthly NOI$400,000.00
Monthly Debt Service$379,240.81
Change in Cash Flow$0.00
Refinance Proceeds$0.00