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
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