A private investor purchased the 120-unit Cielo Vista Apartments at 1624 W. Rialto Ave. in Fontana, CA for $15 million, or $125,000 per unit, from Phoenix Realty Group. Built in 2008, the multifamily complex totals 109,344 square feet on 6.2 acres at the northeast corner of W. Rialto Ave. and N. Maple Ave. in San Bernardino County. The six-building property consists of 20 one-bedroom and 100 two-bedroom units with asking rents between $975 and...
via Inland Empire Commercial Real Estate News From CoStar Group http://www.costar.com/News/Article/Phoenix-Realty-Grp-Sells-Cielo-Vista-Apts/148859?ref=/News/Article/Phoenix-Realty-Grp-Sells-Cielo-Vista-Apts/148859&src=rss
via Inland Empire Commercial Real Estate News From CoStar Group http://www.costar.com/News/Article/Phoenix-Realty-Grp-Sells-Cielo-Vista-Apts/148859?ref=/News/Article/Phoenix-Realty-Grp-Sells-Cielo-Vista-Apts/148859&src=rss
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