Updated May 30, 2025
Invesco Real Estate Secures $60 Million Loan From Northwestern Mutual For Riverside Industrial Facility
20901 Krameria Avenue
$60,000,000
$60/SF
Building Size
1,000,000 SF
Asset Type
Industrial
Closing
May 27, 2025
About this deal
AI
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
March Air Reserve Base 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
0.26%
Cash-on-Cash
-0.08%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93