Updated Oct 29, 2024
Private Investor Acquires Property At 14273 Baseline Ave Fontana For $4.6M With Broker Chris Wen
14273 Baseline Ave, Fontana, CA, 923...
$4,600,000
$438/SF
Building Size
10,492 SF
Asset Type
—
Closing
Nov 19, 2023
About this deal
AI
The property asset involved in this transaction is located at 14273 Baseline Ave, Fontana, CA, with a market value in Fontana. The transaction amount for the property is $4,600,000.00, and it encompasses a total square footage of 10,492 square feet.
Summary of transaction details:
- Property Type: Sale
- Transaction Amount: $4,600,000.00
- Square Footage: 10,492 SF
- Address: 14273 Baseline Ave, Fontana, CA, 923...
- Market: Fontana
- Buyer: Private Investor
- Seller: Private Investor
- Buyer's Representative: Chris Wen-Walton Realty
- Seller's Representative: Frank Vora-Progressive Real Estate Partners
This transaction was facilitated by Chris Wen, representing the buyer through Wen-Walton Realty, while Frank Vora represented the seller through Progressive Real Estate Partners, highlighting the collaborative effort of the brokerages in this deal.
Players
Fontana CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.45%
Cash-on-Cash
-0.99%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93