Logan Investments Secures $12.975M Loan For 111,725 SF Industrial Property In Riverside, Studio City
7190 Jurupa Avenue, Riverside, CA, USA
$12,975,000
$116/SF
Building Size
111,725 SF
Asset Type
Industrial
Closing
Feb 4, 2021
AI
Located at 7190 Jurupa Avenue Riverside in Studio City, this industrial property spans a total of 111,725 square feet. The deal was closed on 02/05/2021.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $12,975,000
- Lender: Logan Investments
- Landlord: AG Riverside Owners Two
- Broker: Ron Sentchuk @RonLogan123 - Logan Investments @Logan_Investments_
The loan for this industrial property was provided by Logan Investments. The loan amount was $12,975,000, and it was secured by a 1st Trust Deed funded in 3 days. The property occupies 11.88 acres.
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
1.22%
Cash-on-Cash
-0.35%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93