Updated Nov 28, 2024
IDS Real Estate Group Acquires Industrial Property In Riverside For $225M
14800 Meridian Pkwy, Riverside, CA 92518
$225,000,000
$187/SF
Building Size
1,200,000 SF
Asset Type
Industrial
Closing
Mar 10, 2022
About this deal
AI
An industrial property located at 14800 Meridian Parkway in Riverside has been sold for a price of $225,000,000. The property spans across 1,200,000 square feet, resulting in a price per square foot of $187. The transaction occurred on 03/11/2022.
Summary of Transaction Details:
- Property Type: Industrial
- Sale Price: $225,000,000
- Square Footage: 1,200,000
- Price per Square Foot: $187
- Date: 03/11/2022
- Address: 14800 Meridian Parkway
- Market: Riverside
The buyer of the property is IDS Real Estate Group, while the seller is Prologis. Hamid Moghadam represented Prologis in the deal.
On the Map
$225,000,000
$187/SF
Industrial
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Players
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
0.07%
Cash-on-Cash
-0.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93