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4400 Ontario Mills Parkway,...

JH Real Estate Partners Acquires Retail Property In Ontario For $40.5M
SOLDRetail

JH Real Estate Partners Acquires Retail Property In Ontario For $40.5M

4400 Ontario Mills Parkway, Ontario, CA 91764, USA

$40,500,000

$179/SF

Building Size

225,749 SF

Asset Type

Retail

Closing

Oct 4, 2021

AI

Ontario Mills Parkway in Ontario has witnessed a significant retail property transaction recently. The property, located at 4400-4510 Ontario Mills Parkway, was sold for $40,500,000. The buyer in this deal was JH Real Estate Partners, while the seller was Zelman Development Company. The transaction was facilitated by Bill Bauman & Kyle Miller from Newmark, who represented their respective clients.

Summary of transaction details:

  • Property Type: Retail
  • Sale Price: $40,500,000
  • Address: 4400-4510 Ontario Mills Parkway
  • Market: Ontario
  • Square Footage: 225,749
  • Price per Square Foot: $179

The involvement of JH Real Estate Partners and Zelman Development Company in this retail property deal highlights their strategic approach to real estate investments. The expertise of Bill Bauman & Kyle Miller from Newmark played a crucial role in successfully bringing together the buyer and the seller for this transaction.

Players

Kyle Miller

Newmark

Broker

$584.6M

vol

9 deals

Broker
JP
JH Real Estate PartnersBuyer

Ontario Retail Market Snapshot

Boundary boundary · Retail · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.39%

Cash-on-Cash

-0.11%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93