News & Views

News & Views

Ontario Apartment Deal Breaks Pricing Record

Oct. 16, 2019
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Waterford Property Co. has acquired Hallmark at Mission, a 75-unit apartment property in Ontario, California. The property traded hands for $21 million or $355 per square foot, which is a record in the market.

Hallmark at Mission units feature in-unit washer and dryer and private garages. The community features a private clubhouse, library, business center, FiOS Internet /TV, community room with kitchen, and a cutting-edge fitness center. Its sprawling grounds include a sparkling swimming pool and relaxing spa, outdoor entertainment lounge and fireplace, mountain vistas, covered dining area with barbeques, and a private pet park.

Alex Mogharebi, Otto Ozen and Mike Marcu of TMG represented the seller, an Inland Empire based developer and the Orange County-based buyer.