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
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
9.06%
Cash-on-Cash
-2.59%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93