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Yong Wang Purchases Multifamily Property From George Voigt In Ontario For $17.4 Million

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SOLD
$17,400,000

California

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MultiFamily38,925 SF
Sold 02/10/2025
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Property Image
SOLD

Yong Wang Purchases Multifamily Property From George Voigt In Ontario For $17.4 Million

221 North Mountain Avenue

See Similar Deals
MultiFamily38,925 SF
Sold 02/10/2025
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Summary

CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$447
Total Square Footage:38,925 SF
Transaction Type:Sale

The property involved in this transaction is a multifamily asset located at 221 North Mountain Avenue in Ontario. The sale was conducted at a price of $17,400,000, which corresponds to a price per unit of $446,153 for the 39 units offered. The total square footage of the property is 38,925, resulting in a price per square foot of $447.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $17,400,000
  • Units: 39
  • Price Per Unit: $446,153
  • Square Footage: 38,925
  • Price Per Square Foot: $447
  • Buyer: Yong Wang
  • Seller: George Voigt
  • Buyer's Representative: Leo Yong Gao - SPERRY-Hebron Equities
  • Seller's Representatives: Eric Chen, Blake Torgerson & Kevin Sin - CBRE

This transaction involved key individuals from both sides, with Leo Yong Gao representing the buyer, Yong Wang, and Eric Chen, Blake Torgerson, and Kevin Sin acting on behalf of the seller, George Voigt. The collaboration of these representatives facilitated the successful completion of the sale.

Players

Blake Torgerson
48 deals$286.1M volume(714) 222-0696
BROKER

Eric Chen
CBRE
108 deals$886.6M volume(626) 757-5717
BROKER

Kevin Sin
CBRE
21 deals$126.6M volume
BROKER

Details

SOLD
IMAGE: Eric Chen, Blake Torgerson, Kevin Sin & Leo Yong Gao DATE: 02/10/2025 ADDRESS: 221 North Mountain Avenue MARKET: Ontario ASSET TYPE: Multifamily BUYER: Yong Wang SELLER: George Voigt BUYER'S REP: Leo Yong Gao - SPERRY-Hebron Equities SELLER'S REP: Eric Chen (@Eric_c_Chen), Blake Torgerson (@BlakeTorg32) & Kevin Sin (@KevinkSin) - CBRE (@CBRE) SALE PRICE: $17,400,000 UNITS: 39 ~ PPU: $446,153 SF: 38,925 ~ PPSF: $447

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