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10134 6th St, Rancho Cucamo...

Private Family Office Sells Rancho Cucamonga Office Asset For $11.4M
SOLDOffice

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

Nick Miller

Bright Realty

Broker

$61.9M

vol

10 deals

Broker
PO
Private Family OfficeBuyer

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