Updated Oct 13, 2026
Agree Realty Corporation Acquires Retail Property In Inland Empire For $38.8M
3900 Tyler Street, Riverside, California 92503, United States
$38,800,000
$472/SF
Building Size
82,200 SF
Asset Type
Retail
Closing
Aug 13, 2022
About this deal
AI
The retail property located at 3900 Tyler Street in Inland Empire has been sold. The property spans 82,200 square feet and was sold for a total price of $38,800,000, resulting in a price per square foot of $472. The sale took place on August 14, 2022. The buyer in this transaction was Agree Realty Corporation, while the seller was Mary Ann Downs.
Summary of transation details
- Property Type: Retail
- Transaction Amount: $38,800,000
- Address: 3900 Tyler Street
- Square Footage: 82,200
- Price Per Square Foot: $472
- Market: Inland Empire
- Buyer: Agree Realty Corporation
- Seller: Mary Ann Downs
This transaction showcases the involvement of well-known entities in the deal. Agree Realty Corporation acted as the buyer, while Mary Ann Downs served as the seller. Both parties played significant roles in the successful completion of this retail property transaction.
On the Map
$38,800,000
$472/SF
Retail
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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
0.41%
Cash-on-Cash
-0.12%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93