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9223 Cypress Avenue

CBRE Brokers Eric Chen Kevin Sin & Blake Torgerson Facilitate $6.15M Multifamily Sale In Fontana
SOLDMultiFamily

CBRE Brokers Eric Chen Kevin Sin & Blake Torgerson Facilitate $6.15M Multifamily Sale In Fontana

9223 Cypress Avenue

$6,150,000

$281/SF

Building Size

21,866 SF

Asset Type

MultiFamily

Closing

May 29, 2025

AI

This multifamily asset located at 9223 Cypress Avenue in Fontana comprises 14 units, encompassing a total of 16,868 square feet. The sale price for this property was $6,150,000, reflecting a price per unit of $439,285 and a price per square foot of $365.

Summary of transation details:

  • Property Type: Multifamily
  • Transaction Amount: $6,150,000
  • Units: 14
  • Square Footage: 16,868
  • Price Per Unit: $439,285
  • Price Per Square Foot: $365
  • Market: Fontana

The transaction involved brokers Eric Chen, Kevin Sin, and Blake Torgerson from CBRE, who represented the parties involved in this deal. Their role was crucial in facilitating the successful completion of the transaction.

Players

Blake Torgerson

CBRE

Broker

$286.1M

vol

48 deals

Broker

Fontana 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

2.58%

Cash-on-Cash

-0.74%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93