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
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