Updated Oct 29, 2024
Orbis Acquires Development Site In Inland Empire, Chino, CA For $12.1M
$12,100,000
$27/SF
Building Size
435,600 SF
Asset Type
Development Site
Closing
Sep 20, 2022
About this deal
AI
A development site located at S Euclid Ave & Schaefer Avenue in Inland Empire, Chino, CA has been sold in a transaction. The property encompasses a land area suitable for development purposes. The transaction took place between the buyer, Orbis, and the seller, Margaret Zivelonghi. The deal was facilitated by the brokers Masih Waliyar and Ryan Gast from CBRE. The sale price for the property amounted to $12,100,000.
Summary of transaction details
- Property Type: Development Site
- Transaction Amount: $12,100,000
- Market: Inland Empire, Chino, CA
- Broker: Masih Waliyar - CBRE
- Broker: Ryan Gast - CBRE
This transaction represents a successful sale of a development site in Inland Empire, Chino, CA. The property's location at S Euclid Ave & Schaefer Avenue makes it a desirable investment opportunity. The involvement of professionals such as Masih Waliyar and Ryan Gast from CBRE highlights their expertise in the real estate market and their ability to facilitate significant transactions.
Players
Market Development Site Market Snapshot
Boundary boundary · Development Site · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.31%
Cash-on-Cash
-0.37%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93