Updated Oct 28, 2024
Dedeaux Properties Acquires Industrial Property In Riverside, CA For $87.5M
1151 Palmyrita Avenue, Riverside, California 92507, United States
$87,500,000
$892/SF
Building Size
98,000 SF
Asset Type
Industrial
Closing
Oct 13, 2022
About this deal
AI
The industrial property located at 1151 Palmyrita Avenue in Riverside, CA has been sold for a total of $87,500,000. The property spans 13.6 acres and offers a total square footage of 98,000. With a price per square foot of $893, this transaction has proved to be a significant deal in the market.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $87,500,000
- Address: 1151 Palmyrita Avenue, Riverside, CA
- Market: Riverside, CA
- Property Size: 13.6 acres
- Buyer: Dedeaux Properties - Brett Dedeaux & Matt Evans
- Seller: BWP Inc
Leading the buyout of this industrial property in Riverside, CA were Brett Dedeaux and Matt Evans, representing Dedeaux Properties. On the other hand, the seller, BWP Inc, successfully closed this significant deal. The sale of this property marks a noteworthy transaction in the market, considering its prime location and the impressive size of the property.
On the Map
$87,500,000
$892/SF
Industrial
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Riverside Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.18%
Cash-on-Cash
-0.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93