Updated Oct 31, 2025
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
Bloomington 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
1.51%
Cash-on-Cash
-0.43%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93