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
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