Updated Dec 4, 2024
Le Investment Group Sells 203,939 Square Foot Industrial Portfolio In Riverside For $36.56M
1660 Iowa Avenue
$36,560,000
$179/SF
Building Size
203,939 SF
Asset Type
Industrial
Closing
Aug 21, 2024
About this deal
AI
The property asset involved in the transaction is a 203,939-square-foot industrial portfolio located at 1660-1880 Iowa Avenue in Riverside, CA. The sale was completed for a total price of $36,560,000, translating to a price per square foot of $179.27, reflecting the strong demand in the commercial real estate market.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $36,560,000
- Address: 1660-1880 Iowa Avenue
- Market: Riverside
- Square Footage: 203,939
- Price Per Square Foot: $179.27
- Broker: Anthony Le - Le Investment Group
Le Investment Group facilitated the closing of this sale, demonstrating their expertise in the commercial real estate sector. This transaction underscores the firm's capability to achieve significant results for their clients in the competitive market environment.
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
0.43%
Cash-on-Cash
-0.12%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93