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1819 Excise Ave Ontario, CA...

Updated Oct 29, 2024

Vida Divina Acquires Office Property In Ontario, California For $15M
SOLDOffice

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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Deal FAQ

About $362 per square foot on a published $15M for 41,404 square feet (2023).

Browse Los Angeles office sales on Traded.

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

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