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1115 W La Cadena Dr, Rivers...

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

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

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

$2,300,000

Building Size

Asset Type

Retail

Closing

Jul 2, 2019

AI

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

Hanley Investment Group

Broker

$77.9M

vol

12 deals

Broker

Colton Retail Market Snapshot

Boundary boundary · Retail · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

6.90%

Cash-on-Cash

-1.97%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93