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
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