Updated Mar 11, 2025
Zions Bank Provides $20M Loan For Industrial Property On Cucamonga Ave. In Ontario
1656 South Cucamonga Avenue
$20,000,000
$94/SF
Building Size
210,703 SF
Asset Type
Industrial
Closing
Jun 15, 2020
About this deal
AI
The industrial property located at 1656 S. Cucamonga Ave in Ontario has been involved in a recent transaction. The loan for this property was provided by Zions Bank, with A. Scott Anderson as the representative from the bank. The loan amount secured for this transaction was $20,000,000. The property spans across 210,703 square feet, highlighting its significant size within the industrial market in Ontario.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $20,000,000
- Address: 1656 S. Cucamonga Ave
- Market: Ontario
- Lender: Zions Bank - A. Scott Anderson
The transaction was facilitated by Alere Property Group, who served as the brokers in this deal. Their expertise in the market played a crucial role in successfully closing this substantial loan for the industrial property located in Ontario. This transaction showcases the ongoing growth and development within the industrial sector in this market.
Players
Ontario Industrial Market Snapshot
Boundary boundary · Industrial · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.79%
Cash-on-Cash
-0.23%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93