facebook
Traded Co logo
Submit

Sale Of Riverside Property At 1595 Spruce St For $6 Million With CBRE As Seller's Representatives

Property Image
SOLD
$6,000,000
Doug Mack
Phil Woodford
+ 1

California

See Similar Deals
Office67,076 SF
Sold
the dealplayerscompscontact
Property Image
SOLD

Sale Of Riverside Property At 1595 Spruce St For $6 Million With CBRE As Seller's Representatives

1595 Spruce St, Riverside, CA, 92507

See Similar Deals
Office67,076 SF
Sold
Doug Mack
Phil Woodford
+ 1
Contact now

Summary

CALIFORNIA
Asset Type:Office
Price Per Square Foot:$89
Total Square Footage:67,076 SF
Transaction Type:Sale

An office building located at 1595 Spruce St, Riverside, CA, was sold for $6 million. The property spans 67,076 square feet and is situated in the Riverside market.

Summary of transaction details:

  • Property Type: Office Building
  • Transaction Amount: $6,000,000.00
  • Address: 1595 Spruce St, Riverside, CA, 92507
  • Market: Riverside
  • Seller's Representatives: Doug Mack, Gary Stache (CBRE)
  • Buyer: Unknown

Northstar Commercial Partners completed this transaction, having originally acquired the property in 2015 as part of a larger portfolio. The representatives from CBRE involved in the deal included Gary Stache, Doug Mack, Vindar Batoosingh, and Phil Woodford.

Players

Doug Mack
20 deals$251.1M volume
BROKER

Gary Stache
CBRE
33 deals$481.9M volume
BROKER

Phil Woodford
CBRE
1 deal$6M volume(909) 418-2132
BROKER

Vindar Batoosingh
CBRE
2 deals$24.4M volume(909) 418-2134
BROKER

Details

SOLD
IMAGE: 1595 Spruce St, Riverside, CA, 92507 MARKET: Riverside SELLER'S REP: Doug Mack(CBRE), Gary Stache(CBRE) BUYER: Unknown SELLER: PRICE: $6,000,000.00 SF: 67076

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$319,999.99

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$21,316.74
Cash-on-Cash Return-1.27%
Monthly Debt Service$28,443.06
Annual Debt Service$341,316.73