Providence Capital Group Inc. Acquires Multifamily Property In Rancho Cucamonga For $68M

A multifamily property located at 10130 Foothill Blvd in Rancho Cucamonga has been sold for a hefty price of $68,000,000. The property spans across 192,099 square feet and consists of 182 units. The price per square foot for this transaction was $353, with each unit costing approximately $373,626.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $68,000,000
• Address: 10130 Foothill Blvd
• Market: Rancho Cucamonga
• Square footage: 192,099
• Units: 182
• Price per square foot: $353
• Price per unit: $373,626

The buyer of the property was Providence Capital Group Inc., while the seller was Fore Property. The deal was facilitated by brokers Peter Hauser, Matt Hauser, and Masa Ito from Avison Young.