PGIM Real Estate Lends $66M For Industrial Property On Lance Drive In Riverside | 6275 Lance Drive | Valerie (Val) Achtemeier, Ian DeVries, Chris DeVries | Industrial | Loan

Summary

Loan

CALIFORNIA

Industrial

1,012,995 sqft

A closed transaction in Riverside involved an industrial property located at 6275 Lance Drive. The property measures 1,012,995 square feet and was owned by TA Realty. The deal was facilitated by brokers Val Achtemeier of CBRE and Ian & Chris DeVries of Colliers International. The lender for this transaction was PGIM Real Estate, represented by Brett Ulrich. The loan amount for the deal was $66,000,000, provided on an 8-year fixed-rate term.

Summary of transaction details:

Property Type: Industrial
Transaction Amount: $66,000,000
Address: 6275 Lance Drive
Market: Riverside
Asset Type: Industrial

The key individuals involved in this transaction were Val Achtemeier of CBRE, representing the buyer or tenant, and Ian & Chris DeVries of Colliers International. Brett Ulrich of PGIM Real Estate was the lender for the deal.

Players

All
4

Agents
3
Agencies
1

Valerie (Val) Achtemeier

Executive Vice President

$103M Sold

Ian DeVries

Senior Executive Vice President at Colliers International

Chris DeVries

Vice President

CBRE

Details

Deal Summary

FINANCED

IMAGE: Ian DeVries, Brett Ulrich & Val Achtemeier DATE: 05/13/2020 ADDRESS: 6275 Lance Drive MARKET: Riverside ASSET TYPE: Industrial LENDER: PGIM Real Estate – Brett Ulrich LANDLORD: TA Realty BROKERS: Val Achtemeier – CBRE, Ian & Chris DeVries – Colliers International LOAN AMOUNT: $66,000,000 LOAN TERMS: 8-year, fixed-rate SF: 1,012,995

View on map

Address6275 Lance Drive

Comparables

This user does not have deals with the selected filters yet.
Reset filters to show results.

Contact

Get in touch with the broker you want