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6275 Lance Drive
FINANCED

PGIM Real Estate Lends $66M For Industrial Property On Lance Drive In Riverside

6275 Lance Drive

Industrial
1,012,995 SF
clock iconFinanced 1 year ago
Valerie (Val) Achtemeier
Ian DeVries
Chris DeVries
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Summary

Loan
CALIFORNIA
Industrial
1,012,995 sqft

A closed transaction in Riverside involved an industrial property located at 6275 Lance Drive. The property measures 1,012,995 square feet and was owned by TA Realty. The deal was facilitated by brokers Val Achtemeier of CBRE and Ian & Chris DeVries of Colliers International. The lender for this transaction was PGIM Real Estate, represented by Brett Ulrich. The loan amount for the deal was $66,000,000, provided on an 8-year fixed-rate term.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $66,000,000
  • Address: 6275 Lance Drive
  • Market: Riverside
  • Asset Type: Industrial

The key individuals involved in this transaction were Val Achtemeier of CBRE, representing the buyer or tenant, and Ian & Chris DeVries of Colliers International. Brett Ulrich of PGIM Real Estate was the lender for the deal.

Players

  • All

    5

  • Agents

    3

  • Agencies

    1

  • Lenders

    1

Valerie (Val) Achtemeier's profile picture
Valerie (Val) Achtemeier
CBRE-image
Executive Vice President
$103M Sold

Details

Deal Summary
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FINANCED
IMAGE: Ian DeVries, Brett Ulrich & Val Achtemeier DATE: 05/13/2020 ADDRESS: 6275 Lance Drive MARKET: Riverside ASSET TYPE: Industrial LENDER: PGIM Real Estate – Brett Ulrich LANDLORD: TA Realty BROKERS: Val Achtemeier – CBRE, Ian & Chris DeVries – Colliers International LOAN AMOUNT: $66,000,000 LOAN TERMS: 8-year, fixed-rate SF: 1,012,995

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Address6275 Lance Drive

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