Updated Feb 13, 2025
Elite Fuels Transportation Acquires Industrial Property From Steel Unlimited Inc In Riverside For $11.4M
3200 Myers St Riverside, Ca 92503, Usa
$22,800,000
$445/SF
Building Size
51,138 SF
Asset Type
Industrial
Closing
May 25, 2023
About this deal
AI
This is an industrial property located at 3200 Myers Street, Riverside, with a sale price of $11,400,000. The asset spans 3.97 acres and encompasses a total of 51,138 square feet, translating to a price per square foot of $223. The previous owner of the property was Steel Unlimited Inc.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $11,400,000
- Address: 3200 Myers Street, Riverside
- Acres: 3.97
- Square Footage: 51,138
- Price per Square Foot: $223
- Buyer: Elite Fuels Transportation
- Seller: Michael Frabotta - Steel Unlimited Inc
Elite Fuels Transportation has acquired the property, which is currently occupied by the seller's company, Steel Unlimited Inc. The intended future use of the site by Elite Fuels Transportation remains unspecified.
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
0.70%
Cash-on-Cash
-0.20%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93