Cadence Capital Sells Retail Property At 6200 Van Buren Boulevard In Riverside For $3.275M
SOLD
$3,275,000
California
See Similar DealsRetail5,000 SF
Sold 03/28/2025
SOLD
Cadence Capital Sells Retail Property At 6200 Van Buren Boulevard In Riverside For $3.275M
6200 Van Buren Boulevard
See Similar DealsRetail5,000 SF
Sold 03/28/2025
Summary
CALIFORNIA
Asset Type:Retail
Price Per Square Foot:$655
Total Square Footage:5,000 SF
Transaction Type:Sale
This retail asset, located at 6200 Van Buren Boulevard in Riverside, has been sold for $3,275,000. It encompasses 5,000 square feet, which results in a price per square foot of $655.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $3,275,000
- Seller: Cadence Capital
- Broker: Vanessa Haddad - Marcus & Millichap
- Date of Sale: 03/28/2025
Vanessa Haddad represented the seller, Cadence Capital, in this transaction, facilitating the sale and ensuring all aspects of the deal were handled efficiently.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$174,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$11,635.38
Cash-on-Cash Return-1.27%
Monthly Debt Service$15,525.17
Annual Debt Service$186,302.05
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