Brad Geier's Merlone Geier Partners Acquires Retail Property In Inland Empire For $39.4M
3650 Tyler Street, Riverside, CA, USA
$39,400,000
$215/SF
Building Size
182,653 SF
Asset Type
Retail
Closing
Apr 22, 2021
AI
The retail property located at 3650-3790 Tyler Street in Inland Empire was recently sold in a transaction. The property spans a total of 182,653 square feet and is classified as a retail asset. The sale took place on April 23, 2021.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $39,400,000
- Address: 3650-3790 Tyler Street
- Market: Inland Empire
- Buyer: Brad Geier - Merlone Geier Partners
- Seller: Riverside Hamner Properties
- Brokers: Daniel Tyner & Gleb Lvovich - JLL
The buyer in this transaction was Brad Geier of Merlone Geier Partners, while the seller was Riverside Hamner Properties. The deal was facilitated by brokers Daniel Tyner and Gleb Lvovich from JLL. The property was sold for a total price of $39,400,000, resulting in a price per square foot of $215.
Players
Riverside Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.40%
Cash-on-Cash
-0.12%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93