Updated Oct 28, 2024
CGU Capital Group Acquires Industrial Property In Riverside, CA For $52.1M
940 Columbia Avenue, Riverside, California 92507, United States
$52,100,000
$702/SF
Building Size
74,140 SF
Asset Type
Industrial
Closing
Oct 6, 2022
About this deal
AI
The industrial property located at 940 Columbia Avenue in Riverside, CA has been sold for a transaction amount of $52,100,000. This property spans across 5 acres and covers an area of 74,140 square feet. The sale price per square foot was $7003.
Summary of transaction details
- Property Type: Industrial
- Sale Price: $52,100,000
- Address: 940 Columbia Avenue, Riverside, CA
- Market: Riverside, CA
- Acreage: 5 acres
- Square Feet: 74,140
- Price per Square Foot: $7003
The buyer in this transaction is CGU Capital Group. They are represented by their broker in this deal.
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
0.30%
Cash-on-Cash
-0.09%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93