The Carlyle Group Acquires Riverside Mobile Home Park For $21.25M
3700 Buchanan St, Riverside, CA 92503, USA
$21,250,000
$14,756/SF
Building Size
1,440 SF
Asset Type
Other
Closing
Aug 30, 2020
AI
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
Riverside Other Market Snapshot
Boundary boundary · Other · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.75%
Cash-on-Cash
-0.21%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93