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6451 Box Springs Boulevard,...

Simi Box Springs Acquires Industrial Property In Riverside For $12.5M
SOLDIndustrial

Simi Box Springs Acquires Industrial Property In Riverside For $12.5M

6451 Box Springs Boulevard, Riverside, CA, USA

$12,500,000

$136/SF

Building Size

91,374 SF

Asset Type

Industrial

Closing

Mar 9, 2021

AI

The property involved in this transaction is an industrial asset located at 6451-6455 & 6459 Box Springs Blvd. in Riverside. The property spans 91,374 square feet and was sold for a price of $12,500,000, resulting in a price per square foot of $136.80.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $12,500,000
  • Square Footage: 91,374
  • Address: 6451-6455 & 6459 Box Springs Blvd., Riverside
  • Market: Riverside
  • Buyer: Simi Box Springs
  • Seller: DTS Box Springs
  • Brokers: Elizabeth Clark - AGENCY and Tai Kagehiro - Instaigram

The buyer in this transaction is Simi Box Springs, while the seller is DTS Box Springs. The brokers involved in the deal are Elizabeth Clark from AGENCY and Tai Kagehiro from Instaigram.

Players

Tai Kagehiro

Compass

Broker

$43.8M

vol

11 deals

Broker
Douglas Elliman
Douglas EllimanBrokerage

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

1.27%

Cash-on-Cash

-0.36%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93