Updated Oct 28, 2024
Alere Property Group Acquires Industrial Property In Riverside For $199.3M
2677 Cahuenga Boulevard West, Los Angeles, California 90068, United States
$199,250,000
$281/SF
Building Size
709,081 SF
Asset Type
Industrial
Closing
Jan 25, 2022
About this deal
AI
The industrial property located at 2677 East Alessandro Boulevard in Riverside has been sold. The property spans across 39 acres and is part of the industrial asset class.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $199,250,000
- Square Footage: 709,081
- Price Per Square Foot: $280
- Address: 2677 East Alessandro Boulevard, Riverside
- Market: Riverside
The buyer of the property is Alere Property Group, while Crow Holdings Industrial is the seller. The deal was facilitated by brokers Jeff Chiate, Jeffrey Cole, Mike Adey, Ed Hernandez, Brad Brandenburg, and Matt Leupold from Cushman & Wakefield.
On the Map
$199,250,000
$281/SF
Industrial
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Players
Los Angeles 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
0.08%
Cash-on-Cash
-0.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93