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1625 G Street, Ontario, Cal...

MAG Capital Partners Acquires Ontario Multifamily For $23.9M - Judd Dunning Represents DWG Capital Group
SOLDMultiFamily

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

Alex Mogharebi

The Mogharebi Group

Broker

$280.4M

vol

8 deals

Broker
MP
MAG Capital PartnersBuyer

Ontario MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

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