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RealSource Group Sells Pilot Flying J Travel Center In Jurupa Valley For $14M

Property Image
SOLD
$14,000,000
Austin Blodgett
Jonathan Schiffer

California

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Retail
Sold 03/21/2024
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Property Image
SOLD

RealSource Group Sells Pilot Flying J Travel Center In Jurupa Valley For $14M

11053 Riverside Drive

See Similar Deals
Retail
Sold 03/21/2024
Austin Blodgett
Jonathan Schiffer
the dealplayerscompscontact
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Summary

CALIFORNIA
Asset Type:Retail
Transaction Type:Sale

The sale involved a Pilot Flying J Travel Center located at 11053 Riverside Drive in Jurupa Valley, California. The property spans 11.5 acres and was sold for a total price of $14,000,000.

Summary of transaction details:

The transaction, which set national records, marked the buyer's first net-lease purchase. The deal was closed by RealSource Group, emphasizing the property's strategic location and multiple income streams.

Players

Austin Blodgett
RealSource Group
Austin Blodgett
11 deals$44.8M volume
BROKER
Jonathan Schiffer
RealSource Group
Jonathan Schiffer
4 deals$25.6M volume(949) 431-2735
BROKER

Details

SOLD
IMAGE: 03/21/2024 ADDRESS: 11053 Riverside Drive MARKET: Jurupa Valley ASSET TYPE: Retail ~ ACRES: 11.5 SELLER: Ashutosh Kadakia - Greens Group BROKERS: Austin Blodgett & Jonathan Schiffer - RealSource Group SALE PRICE: $14,000,000 NOTE: RealSource Group closed a landmark deal, selling a Pilot Flying J Travel Center in Jurupa Valley, California, for $14 million, setting national records. The transaction marked the buyer's first net-lease purchase, emphasizing the property's strategic location and multiple income streams.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$49,739.05
Cash-on-Cash Return-1.27%
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Annual Debt Service$796,405.71