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Colony Capital Sells Riverside Office Property For $14M

Property Image
SOLD
$14,000,000
Scott Schumacher
Kevin Shannon
Ken White
+ 2

California

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Office128,912 SF
Sold
the dealplayerscompscontact
Property Image
SOLD

Colony Capital Sells Riverside Office Property For $14M

1989 Atlanta Avenue, Riverside, CA, USA

See Similar Deals
Office128,912 SF
Sold
Scott Schumacher
Kevin Shannon
Ken White
+ 2
the dealplayerscompscontact
Contact now

Summary

CALIFORNIA
Asset Type:Office
Price Per Square Foot:$108
Total Square Footage:128,912 SF
Transaction Type:Sale

An office property located at 1550 Marlborough Ave; 1737, 1777 & 1989 Atlanta Ave in Riverside has been sold for a price of $14,000,000. The property spans across an area of 128,912 square feet, resulting in a price per square foot of $108.

Summary of transation details

  • Property Type: Office
  • Transaction Amount: $14,000,000
  • Address: 1550 Marlborough Ave; 1737, 1777 & 1989 Atlanta Ave
  • Market: Riverside
  • Square Footage: 128,912
  • Price per Square Foot: $108

The seller of the property is Colony Capital, represented by Thomas Barrack. The deal was facilitated by Kevin Shannon, Ken White, Sean Fulp, Scott Schumacher, and Ryan Plummer of Newmark Knight Frank.

Players

Ken White
Newmark
Ken White
96 deals$6.1B volume
BROKER
Ryan Plummer
Newmark
Ryan Plummer
46 deals$1.1B volume(310) 407-6570
BROKER
Scott Schumacher
Newmark
Scott Schumacher
15 deals$665.2M volume
BROKER
Kevin Shannon
Newmark
Kevin Shannon
136 deals$9.1B volume
BROKER
Sean Fulp
Colliers
Sean Fulp
55 deals$1.9B volume
BROKER
CC
Colony Capital
SELLER

Details

SOLD
IMAGE: Kevin Shannon, Ken White, Thomas Barrack, Sean Fulp & Ryan Plummer DATE: 07/28/2020 ADDRESS: 1550 Marlborough Ave; 1737, 1777 & 1989 Atlanta Ave MARKET: Riverside ASSET TYPE: Office PRICE: $14,000,000 SF: 128,912 PPSF: $108 SELLER: Colony Capital - Thomas Barrack BROKERS: Kevin Shannon, Ken White, Sean Fulp, Scott Schumacher & Ryan Plummer - Newmark Knight Frank

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Debt Service Coverage Ratio (DSCR)

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