Updated Oct 21, 2026
SOLDOffice
Colony Capital Sells Riverside Office Property For $14M
1989 Atlanta Avenue, Riverside, CA, USA
$14,000,000
$108/SF
Building Size
128,912 SF
Asset Type
Office
Closing
Jul 27, 2020
About this deal
AI
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.
On the Map
$14,000,000
$108/SF
Office
View full map
Players
Colony CapitalLender
Riverside Office Market Snapshot
Boundary boundary · Office · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.13%
Cash-on-Cash
-0.32%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93