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Foothill Boulevard & Etiwan...

Progressive Real Estate Partners Brokers $3M Sale Of 1.7-Acre Mixed-Use Parcel In Rancho Cucamonga
SOLDLand

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

Paul Galmarini

Progressive Real Estate Partners

Broker

$8M

vol

3 deals

Broker

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