sale Opportunity. Value Added Investment or owner-user. 60,800 square foot multi-tenant Class B office building. 1131. W
1131 W. 6TH STREET ONTARIO • california
sale Opportunity
Value Added Investment or owner-user 60,800 square foot multi-tenant Class B office building
Executive summary Lee & Associates - Pasadena, Inc. is pleased to present the exciting opportunity to purchase the Sixth Street Center located at 1131 W. 6th Street in Ontario, California. This premier three-story, freestanding building is zoned for both professional office use and medical office use and sits on a large 2.6 acre lot which provides ample parking at 4.11/1,000 psf ratio. Recently renovated, this multi-tenant building is ideal for any owner-user in the market for a corporate headquarter location where an entire private floor is ready for occupancy. Located in San Bernardino County along the northwest section of Ontario near the corner of Mountain Avenue and W. 6th Street, this building benefits from high traffic exposure, immediate access to I-10 Freeway and four counties, and exceptional access to retail and dining amenities. PROPERTY ADDRESS
1131 W. 6th Street, Ontario CA 91762
ASKING PRICE
$9,600,000 ($157.79 PSF)
INTEREST OFFERED
Fee Simple
NET RENTABLE AREA
±60,800 RSF
IN-PLACE OCCUPANCY
31.2%
PROFORMA CAP RATE
5.92%
PERCENTAGE RENT ABOVE MARKET
24%
AVERAGE REMAINING LEASE TERM
17.3 Months
W. 6th street
investment highlights • Sixth Street Center is the only three-story office building over 60,000 square feet in this area with a unique 4th floor penthouse and rooftop terrace! • Renovated, premier 3-story professional office building • Ideal for office and medical office use • High ceilings, excellent window line, dual elevators & ample parking • Turnkey 3rd floor with amazing mountain views & upgrades • Class B office investment with upside • Long-term stable cash flow potential • Value Add Opportunity for any Investor • Rare opportunity for an Owner-User • Desirable Commercial Corridor in Ontario, CA • Centrally located near retail and restaurant amenities • Immediately south of I-10 Freeway at Mountain Avenue • Easy connection to the 15, 57, 60 and 210 Freeways • Near Ontario Mills Mall & Montclair Plaza • Central location between four counties: Los Angeles, Orange, Riverside and San Bernardino
map location & demographics
Mountain Shopping Green Center
Mountain Square
W . 7 th S tr eet
I- 1 0 (S a n B e rn a rd in
o Fwy)
The Gatew ay Center
Mountain Village
1 MILE
3 MILES
5 MILES
2017 Population
22,927
204,658
467,052
Growth 2017 - 2027
3.62%
3.37%
3.33%
Average Household Income
$62,830
$64,592
$74,672
# of Businesses
1,040
8,037
17,168
# of Employees
8,432
69,654
155,072
Mou
demographics
ntain
Aven
ue
W 6th S treet
N
1131 W. 6TH STREET
local market investment advisors CHRISTOPHER LARIMORE Founding Principal 626.240.2788 [ direct ]
[email protected] Lic. No. 01314464
ONTARIO • california VINCENT MOLITOR Principal 626.240.2787 [ direct ]
[email protected] Lic. No. 0295360
Lee & Associates® — Pasadena, Inc. Corporate ID# 01125429 A Member of the Lee & Associates® Group of Companies 155 N. Lake Avenue, Suite 800 Pasadena, CA 91101 626.535.9888 [ main ]
© 2017 Lee & Associates, Inc. The information contained in this document has been obtained from sources believed reliable. While Lee & Associates, Inc. does not doubt its accuracy, Lee & Associates, Inc. has not verified it and makes no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.
