Vince Salem Acquires Retail Property In Inland Empire For $8.65M
4321 Ontario Mills Parkway, Ontario, CA, USA
$8,650,000
$1,811/SF
Building Size
4,775 SF
Asset Type
Retail
Closing
Oct 29, 2021
AI
A retail property located at 4321 Ontario Mills Pkwy. in Inland Empire has been sold for $8,650,000. The property spans 4,775 square feet, resulting in a price per square foot of $1,811. The sale took place on 10/29/2021.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $8,650,000
- Address: 4321 Ontario Mills Pkwy.
- Market: Inland Empire
- Size: 4,775 square feet
- Price per Square Foot: $1,811
Vince Salem was the buyer in this transaction, while Stanley Choi acted as the seller. Retail Link Associates and Chandler J. Kelley from The Gas Broker represented the buyer in the deal.
Ontario Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.83%
Cash-on-Cash
-0.52%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93