facebook

traded

+ Submit
Home

/

Deals

/

California

/

Retail

/

Sale

/

9185 Magnolia Avenue, River...

Devraj Keray Acquires Retail Property In Riverside For $1.75M
SOLDRetail

Devraj Keray Acquires Retail Property In Riverside For $1.75M

9185 Magnolia Avenue, Riverside, CA, USA

$1,750,000

$172/SF

Building Size

10,128 SF

Asset Type

Retail

Closing

Jul 1, 2020

AI

9185 Magnolia Ave in Riverside was recently sold in a transaction on 07/01/2021. The property is a retail asset with a total area of 10,128 square feet. The sale price for the property was $1,750,000, resulting in a price per square foot of $172. The buyer of the property was Devraj Keray, while the seller was Santokh Bhatti.

Summary of transaction details

  • Property Type: Retail
  • Transaction Amount: $1,750,000
  • Address: 9185 Magnolia Ave, Riverside
  • Square Footage: 10,128
  • Buyer: Devraj Keray
  • Seller: Santokh Bhatti

The buyer's representative in the deal was Blas Fernandez, while Albert Lopez represented the seller.

Players

Blas Fernandez

IKON Properties

Broker

$88.5M

vol

33 deals

Broker
Keller Williams Realty
Keller Williams RealtyBrokerage

Devraj Keray

Buyer

$6.3M

vol

2 deals

Buyer

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

9.06%

Cash-on-Cash

-2.59%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93