Afton Properties Acquires Residential Property In Canyon Crest, Riverside For $122M | 600 Central Avenue | Seth Grossman | Co-Op | Sale

Summary

Sale

CALIFORNIA

Co-Op

5,444 sqft

The residential property located at 600 Central Avenue in Canyon Crest, Riverside, was recently sold. The transaction took place on January 10, 2019. The property is owned by Afton Properties, and the sale was facilitated by broker Seth Grossman from Meridian Capital Group. The sale price for this property was not provided in the available information.

Summary of transaction details:

Property Type: Residential
Sale Date: 01/10/2019
Address: 600 Central Avenue, Canyon Crest, Riverside
Market: Canyon Crest, Riverside

The lender for this transaction was Capital One Multifamily Finance. They provided a loan amount of $122,000,000 for a term of 10 years. The property consists of 36 two-story buildings, offering a total of 288 spacious units ranging from one to three bedrooms.

Alvista Canyons, the residential property at 600 Central Avenue, offers a range of housing options and is a significant investment opportunity in the Canyon Crest market in Riverside.

Players

All
2

Agents
1
Agencies
1

Seth Grossman

Senior Managing Director

$124.9M Sold

Details

Deal Summary

SOLD

IMAGE: Seth Grossman DATE: 01/10/2019 ADDRESS: 600 Central Avenue MARKET: Canyon Crest, Riverside ASSET TYPE: Residential LENDER: Capital One Multifamily Finance LANDLORD: Afton Properties BROKER: Seth Grossman @meridian.capital.group LOAN AMOUNT: $122,000,000 LOAN TERMS: 10-year UNITS: 288 NOTE: Alvista Canyons is comprised of 36 two-story buildings that feature 288 spacious one-, two-, and three-bedroom units.

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Address600 Central Avenue

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