MAG Capital Partners Acquires Ontario Multifamily For $23.9M - Judd Dunning Represents DWG Capital Group
1625 G Street, Ontario, California 91764, United States
$23,900,000
Building Size
—
Asset Type
MultiFamily
Closing
May 3, 2022
AI
Located in Ontario, the multifamily property at 1625 East G Street was recently sold in a closed transaction. The sale was facilitated by MAG Capital Partners and the sale price amounted to $23,900,000. The property consists of 55 units, resulting in a per unit price of $434,545.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $23,900,000
- Address: 1625 East G Street
- Market: Ontario
Andrew Gi, representing MAG Capital Partners, played a key role in the transaction. The buyer was represented by Judd Dunning, a representative from DWG Capital Group. The Mogharebi Group, specifically Alex Mogharebi, Otto Ozen, and Bryan Labar, acted as the brokers in the deal.
Players
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
0.66%
Cash-on-Cash
-0.19%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93