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1276 South Riverside Avenue

CBRE Leases Retail Space In Rialto Village Shopping Center To Multiple Tenants
LEASEDRetail

CBRE Leases Retail Space In Rialto Village Shopping Center To Multiple Tenants

1276 South Riverside Avenue

Building Size

96,011 SF

Asset Type

Retail

Closing

Nov 7, 2023

AI

CBRE successfully fully pre-leased Rialto Village retail center, located at 1276 South Riverside Avenue in Rialto. The retail center has a total square footage of 96,011 SF and is situated in a rapidly growing trade area. The grocery-anchored center features notable tenants such as Walmart, Sprouts, Burlington, In-N-Out, Ulta Beauty, Five Below, and Coffee Bean and Tea Leaf, showcasing the strong demand in the Inland Empire retail market.

Summary of transaction details

  • Property Type: Retail
  • Transaction Amount: N/A
  • Address: 1276 South Riverside Avenue
  • Market: Rialto
  • Asset Type: Retail
  • Square Footage: 96,011 SF

The landlord of Rialto Village retail center is NewMark Merrill Companies, represented by Sandy Sigal. The deal was facilitated by CBRE, with Brian McDonald, Hannah Curran, and Walter Pagel serving as the brokers in the transaction.

Players

Brian McDonald

CBRE

Broker

$18.5M

vol

2 deals

Broker

Sandy Sigal

NewMark Merrill

Landlord

$32.8M

vol

5 deals

Landlord

Rialto Retail Market Snapshot

Boundary boundary · Retail · Lease transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93