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Vince Salem Acquires Retail Property In Inland Empire For $8.65M

Property Image
SOLD
$8,650,000

California

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Retail4,775 SF
Sold
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Property Image
SOLD

Vince Salem Acquires Retail Property In Inland Empire For $8.65M

4321 Ontario Mills Parkway, Ontario, CA, USA

See Similar Deals
Retail4,775 SF
Sold
the dealplayerscompscontact
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Summary

CALIFORNIA
Asset Type:Retail
Price Per Square Foot:$1811
Total Square Footage:4775 SF
Transaction Type:Sale

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.

Players

Chandler J Kelley
Retail Link Associates
Chandler J Kelley
11 deals$46M volume
BROKER

Details

SOLD
IMAGE: Chandler J. Kelley DATE: 10/29/2021 ADDRESS: 4321 Ontario Mills Pkwy. MARKET: Inland Empire ASSET TYPE: Retail BUYER: Vince Salem SELLER: Stanley Choi BUYER’S REP: Retail Link Associates & Chandler J. Kelley (@SellBikeRun) - The Gas Broker (@TheGasBroker) SALE PRICE: $8,650,000 SF: 4,775 ~ PPSF: $1,811

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

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Cash Flow (Annual)-$30,731.63
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