Daniel James Of Convenient Holdings Acquires Multifamily Property From Duane Andrews For $46M In Ontario

Rancho Vista Apartments is a 125-unit multifamily property located at 1037 North Archibald Avenue in Ontario, CA. The property was sold for $46,000,000, resulting in a price per unit of $368,000.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $46,000,000
• Units: 125
• Buyer: Daniel James - Convenient Holdings
• Seller: Duane Andrews - Clear Capital
• Brokers: Alexander Garcia Jr, Kyle Pinkalla, Christopher Zorbas, Gregory Harris, Joseph Grabiec & Kevin Green - Institutional Property Advisors - Marcus & Millichap

Institutional Property Advisors facilitated the transaction, representing the seller, Clear Capital, in the sale of the multifamily asset to the buyer, Convenient Holdings. The team of brokers included Alexander Garcia Jr., Kyle Pinkalla, Christopher Zorbas, Greg Harris, Joseph Grabiec, and Kevin Green.