Updated Oct 7, 2026
Nick Angelich & Daniel Palmieri Acquire Industrial Assets In Riverside For $44 Million
12000 Magnolia Avenue & 1110 Palmyrita Avenue
$44,000,000
$184/SF
Building Size
132,800 SF
Asset Type
Industrial
Closing
Sep 9, 2026
About this deal
AI
The industrial property located at 12000 Magnolia Avenue and 1110 Palmyrita Avenue in the Riverside market has been sold for $44,000,000. The asset spans a total of 238,473 square feet, translating to a price per square foot of $185.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $44,000,000
- Buyer: Nick Angelich & Daniel Palmieri - Sierra Ridge Capital & Pacific Properties Group
- Seller: Oxford Properties
- Brokers: Patrick Nally & Ryan Spradling - JLL
Nick Angelich and Daniel Palmieri represent Sierra Ridge Capital and Pacific Properties Group in this transaction, while the seller, Oxford Properties, was assisted by brokers Patrick Nally and Ryan Spradling from JLL.
On the Map
$44,000,000
$184/SF
Industrial
View full map
Players
Riverside Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
Loading comparables…
Deal FAQ
Visit Patrick Nally to view all their deals.
Browse Riverside industrial sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.36%
Cash-on-Cash
-0.10%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93