Updated Dec 19, 2023
Shawn F. Matian Acquires Office Property In Rancho Cucamonga For $6.1M
9302 Pittsburgh Avenue, Rancho Cucamonga, CA, USA
$6,100,000
$180/SF
Building Size
33,800 SF
Asset Type
Office
Closing
Sep 21, 2021
About this deal
AI
Shawn F. Matian has recently purchased an office property located at 9302 Pittsburgh Avenue in Rancho Cucamonga. The transaction took place on September 22, 2021, and the property was sold for a price of $6,100,000. The office building spans a total area of 33,800 square feet, resulting in a price per square foot of $180.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $6,100,000
- Address: 9302 Pittsburgh Avenue
- Market: Rancho Cucamonga
In this deal, Shawn F. Matian acted as both the buyer and the attorney involved in the transaction. Jonathan Klein represented the buyer as their attorney. The successful sale of the office property demonstrates Matian's interest in expanding their real estate portfolio.
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
2.60%
Cash-on-Cash
-0.74%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93