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

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.