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Ontario Ranch Road & Hamner...

Wood Investments Companies Inc. Acquires Retail Property In Ontario For $18.5M
SOLDRetail

Wood Investments Companies Inc. Acquires Retail Property In Ontario For $18.5M

Ontario Ranch Road & Hamner Avenue, Ontario, CA, USA

$18,490,000

$21/SF

Building Size

853,776 SF

Asset Type

Retail

Closing

Jul 19, 2020

AI

The retail property at the southwest corner of Ontario Ranch Road and Hamner Avenue in Ontario has been sold for a total price of $18,490,000. The transaction took place on July 19, 2021. The property spans a total area of 853,776 square feet, resulting in a price per square foot of $22. The buyer of the property is Wood Investments Companies Inc.

Summary of Transaction Details

  • Property Type: Retail
  • Transaction Amount: $18,490,000
  • Square Footage: 853,776
  • Price per Square Foot: $22
  • Transaction Date: July 19, 2021
  • Location: SWC of Ontario Ranch Road & Hamner Avenue, Ontario

Wood Investments Companies Inc. acted as the buyer in this transaction. The brokers involved in the deal were Brian McDonald and Walter Pagel, who represented Wood Investments Companies Inc. as representatives from CBRE.

Players

Brian McDonald

CBRE

Broker

$18.5M

vol

2 deals

Broker
WI
Wood Investments Companies Inc.Buyer

Eastvale 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

0.86%

Cash-on-Cash

-0.25%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93