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CBRE Represents Buyer In $20.77 Million Sale Of Five Retail Buildings In Riverside

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SOLD
$20,770,000

California

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Retail25,916 SF
Sold 11/18/2024
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SOLD

CBRE Represents Buyer In $20.77 Million Sale Of Five Retail Buildings In Riverside

6061 Van Buren Boulevard

See Similar Deals
Retail25,916 SF
Sold 11/18/2024
the dealplayerscompscontact
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Summary

CALIFORNIA
Asset Type:Retail
Price Per Square Foot:$801
Total Square Footage:25,916 SF
Transaction Type:Sale

Five retail buildings located at 6061-6221 Van Buren Boulevard & 7280 Arlington Avenue in Riverside sold for $20.77 million. The total square footage of the buildings is 25,916, with a price per square foot of $801.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $20,770,000
  • Square Footage: 25,916
  • Address: 6061-6221 Van Buren Boulevard & 7280 Arlington Avenue
  • Market: Riverside
  • Buyer's Representative: CBRE
  • Seller's Representative: Kevin Fryman - Hanley Investment Group

The transaction features notable tenants including Chick-fil-A, Carl’s Jr., and Panda Express. The seller is a San Diego-based entity, while the buyer is an all-cash buyer based in Los Angeles.

Players

Kevin Fryman
Hanley Investment Group
Kevin Fryman
37 deals$539.7M volume(949) 585-7674
BROKER

Details

SOLD
IMAGE: Kevin Fryman DATE: 11/18/2024 ADDRESS: 6061-6221 Van Buren Boulevard & 7280 Arlington Avenue MARKET: Riverside ASSET TYPE: Retail BUYER'S REP: CBRE (@CBRE) SELLER'S REP: Kevin Fryman - Hanley Investment Group (@HanleyInvestmentGroup) SALE PRICE: $20,770,000 SF: 25,916 ~ PPSF: $801 NOTE: Five retail buildings at Citrus Landing in Riverside, totaling 25,916 square feet, sold for $20.77 million. Tenants include Chick-fil-A, Carl’s Jr., and Panda Express, with Hanley Investment Group representing the San Diego-based seller and CBRE representing the Los Angeles-based all-cash buyer.

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Debt Service Coverage Ratio (DSCR)

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