Private Family Office Sells Rancho Cucamonga Office Asset For $11.4M
10134 6th St, Rancho Cucamonga, CA...
$11,400,000
$270/SF
Building Size
42,119 SF
Asset Type
Office
Closing
Nov 22, 2023
AI
The property involved in the transaction is located at 10134 6th St, Rancho Cucamonga, CA. It is categorized as an office asset. The property was fully leased at the time of sale and encompasses a total area of 42,119 square feet. The transaction was completed for a total price of $11,400,000.00, which equates to $271 per square foot in the Rancho Cucamonga market.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $11,400,000.00
- Address: 10134 6th St, Rancho Cucamonga, CA
- Square Footage: 42,119
- Market: Rancho Cucamonga
- Seller's Representative: Nick Miller - Bright Realty
- Buyer: Private Family Office
In this transaction, Nick Miller and Shaun Riley from Faris Lee Investments represented the seller. The buyer, identified as a Los Angeles-based family office, acquired the property from a private family office based out of Riverside County, California. The deal included the transfer of ownership for the Hermosa Technology Center, known as an incubator industrial park, situated at the intersection of Hermosa Avenue and Sixth Street.
Players
Rancho Cucamonga Office Market Snapshot
Boundary boundary · Office · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.39%
Cash-on-Cash
-0.40%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93