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
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