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Greens Capital Ventures LLC Sells Property At 1115 W La Cadena Dr For $2.3M

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SOLD
$2,300,000

California

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SOLD

Greens Capital Ventures LLC Sells Property At 1115 W La Cadena Dr For $2.3M

1115 W La Cadena Dr, Riverside, CA...

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Summary

CALIFORNIA
Asset Type:Retail
Transaction Type:Sale

1115 W La Cadena Dr, Riverside, CA is a two-tenant retail property sold for $2,300,000. The property, built in 2018, includes a Jack in the Box restaurant with a drive-thru and a Verizon cell tower. The facility spans an area of 1,869 square feet and is situated on a 0.49-acre lot. The transaction was completed at a capitalization rate of 4.52 percent.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $2,300,000.00
  • Address: 1115 W La Cadena Dr, Riverside, CA
  • Market: Colton
  • Buyer: Unknown
  • Seller: Greens Capital Ventures LLC
  • Buyer's Representative: Allen Park (Packo Investments)
  • Seller's Representative: Eric Wohl (Hanley Investment Group - Real Estate Advisors)

Hanley Investment Group Real Estate Advisors facilitated the transaction, with Austin Blodgett and Eric Wohl representing the seller, Greens Capital Ventures LLC, an affiliate of Greens Group Inc. Allen Park, representing the buyer from Packo Investments, played a critical role in finalizing the deal.

Players

Eric Wohl
12 deals$77.9M volume
BROKER

Details

SOLD
IMAGE: 1115 W La Cadena Dr, Riverside, CA... MARKET: Colton BUYER'S REP: Allen Park(Packo Investments) SELLER'S REP: Eric Wohl(Hanley Investment Group - Real Estate Advisors) BUYER: Unknown SELLER: Greens Capital Ventures LLC PRICE: $2,300,000.00 SF: 0

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

$122,666.66

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$8,171.42
Cash-on-Cash Return-1.27%
Monthly Debt Service$10,903.17
Annual Debt Service$130,838.08