±3,976 RENTABLE SQUARE FOOT LEASED INVESTMENT · 2017-10-06 · Property”) for purchase. The...

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9220 HAVEN AVENUE | RANCHO CUCAMONGA , CA HAVEN POINTE FOR SALE ±3,976 RENTABLE SQUARE FOOT LEASED INVESTMENT

Transcript of ±3,976 RENTABLE SQUARE FOOT LEASED INVESTMENT · 2017-10-06 · Property”) for purchase. The...

Page 1: ±3,976 RENTABLE SQUARE FOOT LEASED INVESTMENT · 2017-10-06 · Property”) for purchase. The property is in Rancho Cucamonga on the highly visible Haven corridor. The area has

9220 HAVEN AVENUE | RANCHO CUCAMONGA , CA

H A V E N P O I N T E

FOR SALE ±3,976 RENTABLE SQUARE FOOT

LEASED INVESTMENT

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CBRE’s Inland Empire Office Group is pleased to offer a fully leased professional/medical office condo portfolio (“the

Property”) for purchase. The property is in Rancho Cucamonga on the highly visible Haven corridor. The area has a

strong mix of professional and medical occupants, major retail centers and several multi-family developments

providing a robust market place for medical providers. The property is centrally located between the I-10, 210 and I-15

freeways and is just 5 miles away from San Antonio Community Hospital.

PRICE $1,570,520

SIZE ±3,976 SF

UNITS 2

Suite 108 ±1,080 RSF

Suite 120 ±2,896 RSF

IN PLACE NOI $81,110

PRICE/SF $395

OFFERING INFORMATION

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» 100% leased to two separate established general office tenants» Leases with approximately 2.5 years remaining» 3% annual increase in rent» Strategic location on Haven Avenue at 6th Street, a regional corridor, with access

from both Haven Avenue and 6th Street» Exceptional demographics» Steel frame building construction, dual elevators, upgraded common area finishes» Growing medical submarket» Established office market» Delivered free and clear of existing debt» “Recession Resistant” property category» Desirable medical office building with strong tenant mix

INVESTMENT HIGHLIGHTS

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HAVEN AVENUE

6TH STREET

ONTARIOMILLS

CITIZENS BUSINESS BANK ARENA

ONTARIOINTERNATIONAL

AIRPORT

VICTORIAGARDENS

MALL

RANCHO CUCAMONGACIVIC CENTER& SAN BERNARDINO

COUNTY COURTS

STARBUCKS

SAM’S CLUB

4TH STREET

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FIRST FLOOR PLAN

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Suite 108

SUITE 108±1,080 RSF

An established insurance agency occupies this highly visible office suite that is off the building lobby. Floor to ceiling glass with double-door entry leads to reception area, open work area concept and two (2) private offices. The upgraded modern finishes are enhanced by the floor-to-ceiling glass that runs the length of the suite providing abudant natural lighting and premium views of the beautiful front landscaping and gardens.

Synergistic mix of real estate related businesses provides motivation for long-term tenancy by existing tenant, however, future owner has potential of converting the suite to medical use. Would be ideal location for pharmacy, opthalmology, orthodontics, dentist, primary care or medical specialty practice.

» Double-door glass entry» Reception area» Two (2) private offices» Upgraded modern finishes

SUITE 120±2,896 RSF

» Direct Entry» 2 interior private restroom» Spacious reception» 6 private offices» Large conference room, 2 large private offices» Open area, break room

Busy escrow office occupies Suite 120, a beautiful end-cap suite, with a lease expiration of September 2020. Office Improvements were completed in 2012 and feature a direct entry off parking lot, reception area, conference room, two (2) private restrooms, break room, six (6) private offices, open area and two (2) large offices. With glas s line on 3 sides, this suite enjoys excellent natural lighting and views of the lush landscaping that fronts the Building.

Potential for medical conversion makes this an attractive investment as medical users prefer direct entry and interior restrooms. A secondary entrance would appeal to a physician that desires a private entrance. Imaging, primary care, urgent care and orthodontics would be attracted to the suite's size and location in the building.

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Distance (miles)

San Antonio Community Hospital ±5

Kindred Hospital Rancho ±2.2

Pomona Valley Hospital ±12

Arrowhead Regional Medical Center ±15

Corona Regional Medical Center ±17

Riverside Community Hospital ±20

Loma Linda University Medical Center ±21

DRIVE TIMES

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© 2017 CBRE, Inc. All rights reserved. This information has been obtained from sources believed reliable, but has not been verified for accuracy or completeness. Any projections, opinions, or estimates are subject to uncertainty. The information may not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property and verify all information. Any reliance on this information is solely at your own risk.

CBRE, INC. Broker Lic. 00409987

JOHN OIENLic. 01218278

+1 909 418 2135

[email protected]

CURRENT MARKET LOAN TERMS

75% LOAN TO VALUE

4.5% INTEREST RATE (APPROXIMATE)

25 YEAR AMMORTIZATION

REAL ESTATE PURCHASE