Private Investor Acquires Property In Ontario For $35 Million With Seller's Reps Jim Fisher And Joe Leonardo
SOLD
$35,000,000
California
See Similar DealsMultiFamily
SOLD
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
See Similar DealsMultiFamily
Summary
CALIFORNIA
Asset Type:MultiFamily
Transaction Type:Sale
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:
- Property Type: Apartment Community
- Transaction Amount: $35,000,000.00
- Address: 102 N Lemon Ave, Ontario, CA 91764
- Market: Ontario
- Seller's Representative: Jim Fisher - Compass, Joe Leonardo - Joseph C. Leonardo & Co.
- Buyer: Private Investor
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.
Players
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Similar Buyers
Unlock All Profiles
Upgrade to Traded Pro for full access to every deal, profile & market insight.Unlimited deal views
Access investor profiles & contacts
Exclusive comps & market data
Go Pro
Similar Brokers
Top Markets for Multifamily Investment ReportFall 2025
Search Address Tool
Enter any address to instantly view nearby comps, investors, brokers, lenders, and a visual map.NEW!
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,866,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$124,347.60
Cash-on-Cash Return-1.27%
Monthly Debt Service$165,917.86
Annual Debt Service$1,991,014.27
Is there something missing? Send suggestions