Wood Investments Companies Inc. Acquires Retail Property In Ontario For $18.5M
SOLD
$18,490,000
California
See Similar DealsRetail853,776 SF
Sold 07/19/2020
SOLD
Wood Investments Companies Inc. Acquires Retail Property In Ontario For $18.5M
Ontario Ranch Road & Hamner Avenue, Ontario, CA, USA
See Similar DealsRetail853,776 SF
Sold 07/19/2020
Summary
CALIFORNIA
Asset Type:Retail
Price Per Square Foot:$21
Total Square Footage:853,776 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$986,133.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$65,691.08
Cash-on-Cash Return-1.27%
Monthly Debt Service$87,652.03
Annual Debt Service$1,051,824.40
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