Logan Investments Secures $12.975M Loan For 111,725 SF Industrial Property In Riverside, Studio City
FINANCED
$12,975,000
California
See Similar DealsIndustrial111,725 SF
Financed 02/05/2021
FINANCED
Logan Investments Secures $12.975M Loan For 111,725 SF Industrial Property In Riverside, Studio City
7190 Jurupa Avenue, Riverside, CA, USA
See Similar DealsIndustrial111,725 SF
Financed 02/05/2021
Summary
CALIFORNIA
Asset Type:Industrial
Price Per Square Foot:$116
Total Square Footage:111,725 SF
Transaction Type:Loan
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.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$12,975,000.00
Monthly NOI$86,500.00
Monthly Debt Service$82,010.83
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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