Edison Ranch LLC Acquires 18.56 Acre Development Site In Ontario, CA For $8.25M | 7914 Edison Avenue | Eric Chavez | Development Site | Sale

Summary

Sale

CALIFORNIA

Development Site

808,474 sqft

An 18.56-acre agricultural land located at 7914 Edison Ave in Ontario, Inland Empire West, has been sold. The buyer, Edison Ranch LLC, purchased the property from the Donker Family Trust. The transaction was brokered by Eric S. Chavez of Chavez & Associates REBF Inc. The sale price for the development site was $8,250,000.

Summary of transaction details

Property Type: Development Site
Transaction Amount: $8,250,000

The property is situated in the Ontario Ranch, a master-planned community in the southern portion of Ontario, California. The land, designated as Medium Density Residential, is part of the Ontario Plan for future development. Chavez & Associates REBF Inc.'s builder division, CAREBF Builder Services, will handle the development and construction of a 400-unit multi-family project on the site. The estimated value of the project is over $86 million. The Ontario Ranch community is conveniently located near major highways and offers a range of amenities.

Players

All
1

Agents
1

Eric Chavez

President

$31.9M Sold

Details

Deal Summary

SOLD

IMAGE: Eric S. Chavez, CCIM DATE: 05/07/2021 ADDRESS: 7914 Edison Ave MARKET: Ontario, Inland Empire West ASSET TYPE: Dev Site BUYER: Edison Ranch LLC SELLER: Donker Family Trust BROKER: Eric S. Chavez - Chavez & Associates REBF Inc. ASKING PRICE: $8,250,000 SALE PRICE: $8,250,000 BSF: 808,474 ~ PPBSF: $10 NOTE: Chavez & Associates REBF, Inc., Brokers the Sale of 18.56 acres of Agricultural (AG) land located in the Ontario Ranch, under the Ontario Plan, the land is designated zoning is Medium Density Residential. Development & Construction of the future project will be handled by Chavez & Associates REBF, Inc.’s builder division CAREBF Builder Services. The site will be entitled for a 400-unit multi-family project that will be worth over $86 million. Ontario Ranch is a master-planned community located in the southern portion of the city of Ontario, California. It is the largest master-planned community in Southern California. The community is located south of E. Riverside Drive, between Euclid Avenue and Milliken Avenue, 2 miles west of Interstate 15 (the Ontario Freeway) and south of State Route 60 (the Pomona Freeway).

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Address7914 Edison Avenue

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