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3061 Riverside Avenue

Updated Oct 31, 2025

Seth Hiromura Acquires 5.38-Acre Industrial Property In Bloomington For $10.5M
SOLDIndustrial

Seth Hiromura Acquires 5.38-Acre Industrial Property In Bloomington For $10.5M

3061 Riverside Avenue

$10,500,000

$370/SF

Building Size

28,376 SF

Asset Type

Industrial

Closing

Sep 27, 2023

About this deal

AI

A 28,376-square-foot industrial property in Bloomington, Inland Empire, was recently sold for $10.5 million. The property, located at 3061 S Riverside Ave., includes two buildings on roughly 5.38 acres. The asset type is industrial, and it is situated in the market of Bloomington.

Summary of transaction details

  • Property Type: Industrial
  • Transaction Amount: $10,500,000
  • Address: 3061 South Riverside Avenue, Bloomington
  • Market: Bloomington
  • Acres: 5.38

The buyer of the industrial property is Seth Hiromura. The lender involved in the transaction is Rialto Capital. The sale price for the property was $10,500,000, with a price per square foot of $370. The property is currently occupied by Cummins Sales and Service, a company specializing in power generator products.

Players

Rialto Capital Management
Rialto Capital ManagementLender

Bloomington Industrial Market Snapshot

Boundary boundary · Industrial · Sale transactions

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Deal FAQ

About $370 per square foot on a published $10.5M for 28,376 square feet (2023).

Browse Bloomington industrial sales on Traded.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

1.51%

Cash-on-Cash

-0.43%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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