Marcus & Millichap Arranges $10.3M Sale Of Gas Station Property In Riverside, Inland Empire
2278 Main Street
$10,300,000
$195/SF
Building Size
52,707 SF
Asset Type
Retail
Closing
Feb 7, 2024
AI
A gas station property located at 2278 Main Street in Riverside, Inland Empire has been sold for $10,300,000. The property includes a gas station, convenience store, express car wash, and vacant land, with a total square footage of 52,707. It is situated in the Retail market of Riverside.
Summary of transaction details
- Property Type: Retail
- Sale Price: $10,300,000
- Square Footage: 52,707
- Price per Square Foot: $195
- Address: 2278 Main Street
- Market: Riverside
The sale of this gas station property at 2278 Main Street was brokered by Marcus & Millichap, with the representation of Ara Rostamian, Aren Ohanian, Orbell Ovaness, and Rick Raymundo. The transaction was conducted by Marcus & Millichap, involved in arranging the deal for the buyer and seller.
Players
Riverside 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
1.54%
Cash-on-Cash
-0.44%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93