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8919 Mango Ave Fontana, CA ...

Peter Bon Sells Fontana Multifamily For $6.3M With Brokers Eric Chen, Blake Torgerson & Hunter Wetton - CBRE
SOLDMultiFamily

Peter Bon Sells Fontana Multifamily For $6.3M With Brokers Eric Chen, Blake Torgerson & Hunter Wetton - CBRE

8919 Mango Ave Fontana, CA 92335, USA

$63,000,000

$3,202/SF

Building Size

19,670 SF

Asset Type

MultiFamily

Closing

Jul 21, 2023

AI

A multi-family property located at 8919 Mango Avenue in Fontana has been sold for a price of $6,300,000. The property consists of 25 units, with a price per unit (PPU) of $252,000. It spans a total square footage of 19,670, with a price per square foot (PPSF) of $320.28.

Summary of transaction details:

  • Property Type: MultiFamily
  • Transaction Amount: $6,300,000
  • Address: 8919 Mango Avenue, Fontana
  • Number of Units: 25
  • Price per Unit: $252,000
  • Total Square Footage: 19,670
  • Price per Square Foot: $320.28

The sale was facilitated by CBRE, with the brokers involved being Eric Chen, Blake Torgerson, and Hunter Wetton. They played a key role in ensuring the successful transaction of the multi-family property in Fontana.

Players

Blake Torgerson

CBRE

Broker

$286.1M

vol

48 deals

Broker

Los Angeles 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

0.25%

Cash-on-Cash

-0.07%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93