Updated Oct 28, 2024
Greenlaw Partners Acquires Industrial Property In Riverside For $42M
1600 Columbia Avenue
$42,000,000
Building Size
—
Asset Type
Industrial
Closing
Aug 26, 2022
About this deal
AI
The industrial property located at 1600 Columbia Ave in Riverside has been sold for a transaction amount of $42,000,000. The property, owned by an undisclosed seller, was acquired by Greenlaw Partners, a prominent real estate investment firm. The sale of this industrial asset marks a significant milestone in the Riverside market.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $42,000,000
- Address: 1600 Columbia Ave
- Market: Riverside
The buyer, Greenlaw Partners, was represented by Kenny Patricia, Mike Kendall, and Gian Bruno from the brokerage firm Colliers. Their expertise and negotiation skills played a crucial role in the successful completion of this transaction. The involvement of these experienced professionals highlights their commitment to delivering exceptional results for their clients in the real estate market.
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
0.38%
Cash-on-Cash
-0.11%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93