The Ronald & Kristine Pietersma Family Trust Sells 8.16 Acre Development Site In Ontario For $14M

An 8.16-acre unentitled development site located at 14437 Euclid Ave. in Ontario, CA has been sold for a total price of $14,000,000. The seller of the property is The Ronald & Kristine Pietersma Family Trust. The transaction was facilitated by Eric S. Chavez, CCIM from Chavez & Associates REBF Inc.

Summary of transaction details

• Property Type: Development Site
• Transaction Amount: $14,000,000
• Address: 14437 Euclid Ave., Ontario, CA
• Market: Ontario

The property was sold at a price of $1,715,686.27 per acre ($39.39 per square foot), with a total escrow period of 45 days. The building square footage (BSF) of the development site is 355,449 and the price per buildable square foot (PPBSF) is $39.

Chavez & Associates REBF Inc., located in Downtown Los Angeles, provided commercial real estate, property management, and construction services for this transaction. They can be reached at D (213) 996-8578 or C (213) 999-0073. For more information, you can visit their website at ca-rebf.com.