The Small Space Marketplace

List Your Space

Find Space

Home About Us Executive Subscriber Membership RENTV Conferences Newsletter Contact Us Advertise
September 19, 2020
 Search RENTV
   Go!
 Video Programs
 News
News Home Page
Southern California
Northern California
Pacific Northwest
Texas/Southwest
Retail
Multifamily
Financing
Prop. Management
Archives
Press Releases
 R. E. Marketplace
Service Providers
JobWorks
Property Spotlight
 RENTV  Conferences
Subscriber Login:
  
Email      
    Go!
Password      
Forgot Password?



INLAND EMPIRE NEWS
Printer-friendly Version   Email an Associate
Inland Empire Portfolio Buy Financed with $15.9 Mil Insurance Co Loan

4/11/18

Davis Partners & TH Real Estate purchased a 212.6k sf, multi-tenant industrial portfolio in Riverside and Redlands. The deal was financed with $15.9 mil in beft financing arranged by CBRE and funded through an unnamed life insurance provider.

Nevada Street Plaza, Redlands
Nevada Street Plaza, Redlands
The Redlands portion of the acquisition consists of two buildings totaling 126.3k sf within Nevada Street Plaza at 1915 West Redlands Blvd and 721 Nevada St. The buildings are fully leased to 37 tenants.

The Riverside purchase was for Arlington Airpark Plaza, located at 7201-7209 Arlington Ave and totaling 86.3k sf. The buildings are 93.5% leased to 29 tenants.

Shaun Moothart, Bruce Francis and Dana Summers of CBREs Debt and Structured Financing team arranged the 7-year loan for the buyer. The loan came in at 65% loan-to-cost with two years of interest-only in an effort to enhance initial cash flow while the borrower executes on their business plan to increase rents. Moothart noted that the portfolio was acquired at an excellent cost basis that is well below replacement cost.





Return to the Archive page


 


 


 


 
 



Home | About Us | Newsletter | Contact Us | Executive Subscriber Membership | Executive Subscriber Home | Advertise
Southern California | Northern California | Pacific Northwest | Southwest | Retail | Multifamily | Financing | Property Management
Archives | Press Releases | Service Providers | JobWorks | Property Listings

Copyright © 2020 by RENTV, All Rights Reserved
Website designed by Regency Web Services, Inc. and powered by Lightning Media