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

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SOLD
$68,000,000

California

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MultiFamily192,099 SF
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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

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MultiFamily192,099 SF
Sold
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Summary

CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$354
Total Square Footage:192099 SF
Transaction Type:Sale

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

9 deals$165.9M volume(949) 302-1400
BROKER


Avison Young
BROKERAGE

Details

SOLD
IMAGE: Peter Hauser, Matt Hauser & Masa Ito DATE: 03/31/2020 ADDRESS: 10130 Foothill Blvd MARKET: Rancho Cucamonga ASSET TYPE: Multifamily PRICE: $68,000,000 SF: 192,099 PPSF: $353 UNITS: 182 PPU: $373,626 BUYER: Providence Capital Group Inc. SELLER: Fore Property BROKERS: Peter Hauser, Matt Hauser & Masa Ito - Avison Young

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$3,626,666.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$241,589.64
Cash-on-Cash Return-1.27%
Monthly Debt Service$322,354.69
Annual Debt Service$3,868,256.30