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3900 Tyler Street, Riversid...

Updated Oct 28, 2024

Agree Realty Corporation Acquires Retail Property In Inland Empire For $38.8M
SOLDRetail

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.

Players

Riverside Retail Market Snapshot

Boundary boundary · Retail · Sale transactions

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Deal FAQ

About $472 per square foot on a published $38.8M for 82,200 square feet (2022).

Browse California retail sales on Traded.

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

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