The Carlyle Group Acquires Riverside Mobile Home Park For $21.25M
SOLD
$21,250,000
California
See Similar DealsOther1,440 SF
Sold 08/31/2020
SOLD
The Carlyle Group Acquires Riverside Mobile Home Park For $21.25M
3700 Buchanan St, Riverside, CA 92503, USA
See Similar DealsOther1,440 SF
Sold 08/31/2020
Summary
CALIFORNIA
Asset Type:Other
Price Per Square Foot:$14,756
Total Square Footage:1,440 SF
Transaction Type:Sale
The mobile home park located at 3700 Buchanan Rd in Riverside has been sold for a price of $21,250,000. The property consists of 217 units, with an average price per unit of $97,926. The sale was completed on 08/31/2020.
Summary of transaction details
- Property Type: Mobile Home Park
- Transaction Amount: $21,250,000
- Units: 217
- Price per Unit: $97,926
The seller of the property was Sakioka Farms, while the buyer was The Carlyle Group. The brokers involved in the deal were Robert Jacobson and Jay Chu of Secured Properties Inc.
Players
BUYER
SELLER
LENDER
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,133,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$75,496.77
Cash-on-Cash Return-1.27%
Monthly Debt Service$100,735.84
Annual Debt Service$1,208,830.09
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