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102 N Lemon Ave, Ontario, C...

Updated Oct 29, 2024

Private Investor Acquires Property In Ontario For $35 Million With Seller's Reps Jim Fisher And Joe Leonardo
SOLDMultiFamily

Private Investor Acquires Property In Ontario For $35 Million With Seller's Reps Jim Fisher And Joe Leonardo

102 N Lemon Ave, Ontario, CA, 91764

$35,000,000

Units

160

Asset Type

MultiFamily

Closing

Nov 20, 2023

About this deal

AI

The Metro 102 Apartments, located at 102 N Lemon Ave, Ontario, CA 91764, has been acquired for $35 million. This affordable apartment community features 160 units and was built in 2009, situated on a podium garage. The property is 98 percent occupied and offers amenities such as a resident lounge, swimming pool, courtyard, gym, and pool table.

Summary of transation details:

The transaction involved Jim Fisher, Mike Smith, and Joe Leonardo, who represented the seller, TruAmerica Multifamily, highlighting the collaboration of these representatives in this closed deal.

On the Map

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$35,000,000

MultiFamily

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Players

Jim Fisher

Compass

Broker

$384.4M

vol

7 deals

Broker
PI
Private InvestorBuyer
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Ontario 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

0.45%

Cash-on-Cash

-0.13%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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