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10130 Foothill Boulevard, R...

Peter Hauser & Matt Hauser Represent Province Capital Group Inc. in Purchase of Property in Rancho Cucamonga for $68M
SOLDMultiFamily

Peter Hauser & Matt Hauser Represent Province Capital Group Inc. in Purchase of Property in Rancho Cucamonga for $68M

10130 Foothill Boulevard, Rancho Cucamonga, CA, USA

$68,000,000

$354/SF

Building Size

192,099 SF

Asset Type

MultiFamily

Closing

Mar 30, 2020

AI

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.

Players

Peter Hauser

Northmarq

Broker

$165.9M

vol

9 deals

Broker
Avison Young
Avison YoungBrokerage

Rancho Cucamonga MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.23%

Cash-on-Cash

-0.07%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93