Progressive Real Estate Partners Brokers $3M Sale Of 1.7-Acre Mixed-Use Parcel In Rancho Cucamonga
$3,000,000
Building Size
—
Asset Type
Land
Closing
Dec 21, 2023
AI
A 1.7-acre mixed-use-zoned parcel located at Foothill Boulevard & Etiwanda Avenue in Rancho Cucamonga, has been sold for a price of $3,000,000. The transaction was brokered by Progressive Real Estate Partners, with Chris Lindholm and Paul Galmarini representing the seller and Nicholas Christen of Province West representing the buyer. The property is situated less than a mile from Victoria Gardens.
Summary of transaction details
- Property Type: Land
- Transaction Amount: $3,000,000
- Market: Rancho Cucamonga
- Address: Foothill Boulevard & Etiwanda Avenue
- Buyer's Rep: Nicholas Christen - Province West
- Seller's Rep: Chris Lindholm & Paul Galmarini - Progressive Real Estate Partners
Progressive Real Estate Partners successfully facilitated the $3 million sale of this mixed-use-zoned parcel. The private investor who owned the property was represented by Chris Lindholm and Paul Galmarini of Progressive, while Nicholas Christen of Province West acted as the buyer's representative. This transaction took place in Rancho Cucamonga, and the property's prime location, situated less than a mile from Victoria Gardens, adds to its attractiveness.
Players
Market Land Market Snapshot
Boundary boundary · Land · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.29%
Cash-on-Cash
-1.51%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93