Updated Oct 28, 2024
R.W. Selby & Company Acquires Multifamily Property In Rancho Cucamonga For $92M
8255 Vineyard Avenue, Rancho Cucamonga, California 91730, United States
$92,000,000
$1,692/SF
Building Size
54,366 SF
Asset Type
MultiFamily
Closing
Dec 14, 2021
About this deal
AI
The multifamily property located at 8255 Vineyard Avenue in Rancho Cucamonga has been sold for a total price of $92,000,000. The sale was facilitated by Ben Ketel from The Mogharebi Group on behalf of the seller, FPA Multifamily, to R.W. Selby & Company. The property spans across 14.0 acres and consists of 262 units, with a per unit price of $351,000.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $92,000,000
- Address: 8255 Vineyard Avenue
- Market: Rancho Cucamonga
- Acres: 14.0
- Buyer: R.W. Selby & Company
- Seller: FPA Multifamily
- Broker: Ben Ketel - The Mogharebi Group
- Units: 262
- Price Per Unit: $351,000
Ben Ketel from The Mogharebi Group played a crucial role as the broker representing both the buyer and seller in this transaction. This successful deal represents a significant investment made by R.W. Selby & Company into the thriving multifamily market in Rancho Cucamonga.
Players
Rancho Cucamonga 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
0.17%
Cash-on-Cash
-0.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93