CBRE West Secures Financing for Mission Grove

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Capital Markets
JUNE 2023
Just Financed
MISSION GROVE PLAZA | RIVERSIDE, CA
CBRE
Transaction Highlights
Total Loan Amount
$37,000,000
Interest Only
Full-Term
Term
5 Years Fixed
Deal Overview
  • Mission Grove Plaza is a 248,135 sq. ft. grocery-anchored, 98% occupied shopping center located in Riverside, California. 
  • The 16-building shopping center is anchored by Stater Bros, a dominant privately held supermarket chain based in the Inland Empire. Other tenants include Galaxy Theaters, Bank of America, UPS, IHOP, and EOS Fitness.
  • ​Located in Riverside, CA the Property benefits from the densely populated trade area and accessibility to major metros within Southern California. Riverside boasts the Inland Empire’s lowest vacancy rates among shopping centers.
  • Creatively structured around EOS Fitness' occupancy and build out taking place in the future approximately 12 months from loan closing. Also structured a release provision of a former Kmart building to allow for the redevelopment into ~246 unit multi-family project, further enhancing demand for the shopping center.
For more information, please contact:
Bruce Francis
Vice Chairman
+1 602 735 1781
bruce.francis@cbre.com
Shaun Moothart
Executive Vice President
+1 949 509 2111
shaun.moothart@cbre.com
Bob Ybarra
Executive Vice President
+1 702 369 4859
robert.ybarra@cbre.com
Doug Birrell
Executive Vice President
+1 801 869 8041
doug.birrell@cbre.com
Jim Korinek
Executive Vice President
+1 415 772 0416
jim.korinek@cbre.com
Anna Britt
Associate Vice President
+1 949 509 2131
anna.britt@cbre.com
Carly Grabher
Senior DSF Analyst
+1 602 735 1777
carly.grabher@cbre.com
Ryan Gagliano
DSF Analyst
+1 602 735 5668
ryan.gagliano@cbre.com
Andrew Post
DSF Analyst
+1 702 369 4857
andrew.post@cbre.com
CBRE
cbre.com/dsf
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