Simi Box Springs Acquires Industrial Property In Riverside For $12.5M
SOLD
$12,500,000
California
See Similar DealsIndustrial91,374 SF
Sold 03/10/2021
SOLD
Simi Box Springs Acquires Industrial Property In Riverside For $12.5M
6451 Box Springs Boulevard, Riverside, CA, USA
See Similar DealsIndustrial91,374 SF
Sold 03/10/2021
Summary
CALIFORNIA
Asset Type:Industrial
Price Per Square Foot:$136
Total Square Footage:91,374 SF
Transaction Type:Sale
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
BROKERAGE
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$666,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$44,409.85
Cash-on-Cash Return-1.27%
Monthly Debt Service$59,256.38
Annual Debt Service$711,076.53
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