Sale Of Riverside Property At 1595 Spruce St For $6 Million With CBRE As Seller's Representatives
1595 Spruce St, Riverside, CA, 92507
$6,000,000
$89/SF
Building Size
67,076 SF
Asset Type
Office
Closing
Aug 19, 2019
AI
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
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
2.64%
Cash-on-Cash
-0.76%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93