Updated Oct 29, 2024
Vida Divina Acquires Office Property In Ontario, California For $15M
1819 Excise Ave Ontario, CA 91761, USA
$15,000,000
$362/SF
Building Size
41,404 SF
Asset Type
Office
Closing
Jun 2, 2023
About this deal
AI
In Ontario, California, a Vida Divina-affiliated entity purchased a 41,404 square foot office property located at 1819 South Excise Avenue for $15 million. The office property sits on 4.5 acres of land, offering ample space for business operations. With a price per square foot of $362, this transaction highlights the investment potential of office properties in Ontario.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $15,000,000
- Address: 1819 South Excise Avenue
- Market: Ontario
- Acres: 4.5
The buyer of this office property was Vida Divina, while the seller was SH Investment Group LLC, represented by Elizabeth & Peter Jeung. This sale adds to a series of recent office property transactions in the Inland Empire, including other buildings in Rancho Cucamonga and San Bernardino.
Players
Los Angeles 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
1.06%
Cash-on-Cash
-0.30%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93