MAG Capital Partners Acquires Ontario Multifamily For $23.9M - Judd Dunning Represents DWG Capital Group
SOLD
$23,900,000
+ 1
California
See Similar DealsMultiFamily
Sold 05/04/2022
SOLD
MAG Capital Partners Acquires Ontario Multifamily For $23.9M - Judd Dunning Represents DWG Capital Group
1625 G Street, Ontario, California 91764, United States
See Similar DealsMultiFamily
Sold 05/04/2022
+ 1
Summary
CALIFORNIA
Asset Type:MultiFamily
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,274,666.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$84,911.66
Cash-on-Cash Return-1.27%
Monthly Debt Service$113,298.19
Annual Debt Service$1,359,578.32
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