±3,976 RENTABLE SQUARE FOOT LEASED INVESTMENT · 2017-10-06 · Property”) for purchase. The...
Transcript of ±3,976 RENTABLE SQUARE FOOT LEASED INVESTMENT · 2017-10-06 · Property”) for purchase. The...
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
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
» 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
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
FIRST FLOOR PLAN
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.
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
© 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
CURRENT MARKET LOAN TERMS
75% LOAN TO VALUE
4.5% INTEREST RATE (APPROXIMATE)
25 YEAR AMMORTIZATION
REAL ESTATE PURCHASE