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S. haven avenue2151
O N T A R I O | C A 9 1 7 6 1
Although all information is furnished regarding for sale, rental or financing is from sources deemed reliable, such information has not been verified and no express representation is made nor is any to be implied as to the accuracy thereof, and it is submitted subject to errors, omissions, changes of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice. D/AQ Corp. # 01129558
FOR SALE
For More Information, Contact:
DAN FOYE | VICE PRESIDENT P: [email protected] DRE License # 01292002
FRANK MAO | FIRST VICE PRESIDENT P: [email protected] DRE License # 01877207
ALAN MAO | ASSOCIATE P: [email protected] DRE License # 02106206
KEN ANDERSEN | SENIOR VICE PRESIDENT P: [email protected] DRE License # 00902084
OFF
ERIN
G M
EMO
RAN
DUM
3 CONTACTS
4 EXECUTIVE SUMMARY
5 FINANCIALS
8 PROPERTY OVERVIEW
9 PROPERTY PHOTOS
12 PROPERTY SITE PLAN
13 PROPERTY
AERIAL/LOCATION
14 FLOORPLANS
18AREA
DEMOGRAPHICS
19 AERIAL
20 LOCATION HIGHLIGHTS
2151 S. HAVEN AVE. | ONTARIO | CA
TABLE OFCONTENTS
FOR SALE
This offering is being distributed by DAUM Commercial Real Estate Services to a select group of Investors and Buyers. By taking receipt and possession of the Offering Memorandum, the prospective registered investor has agreed to treat and utilize the information and data contained in this document in strict confidence.
CONTACTS
S. haven avenue2151
O N T A R I O | C A 9 1 7 6 1
DAN FOYE | VICE PRESIDENT P: [email protected] DRE License # 01292002
FRANK MAO | FIRST VICE PRESIDENT P: [email protected] DRE License # 01877207
ALAN MAO | ASSOCIATE P: [email protected] DRE License # 02106206
KEN ANDERSEN | SENIOR VICE PRESIDENT P: [email protected] DRE License # 00902084
3
OVERVIEW DAUM is exclusively offering an investment opportunity to purchase 2151 Haven Avenue in Ontario, California, a two-story, multi-tenant professional office building totaling approximately 13,426 SF.
The building has a highly visible location with frontage on Haven Avenue. Located one block north of the Haven Avenue on/off ramps on the 60 Freeway.
• Within 3 miles to Ontario International Airport
• 3,678 SF Vacant• Four (4) Tenants• Located one block north of
the 60 Freeway on/off ramps for Haven Avenue.
• Built 2007• High Image Office Buildings• Fully Built-Out Multi-Tenant
Elevator Served Building• On a 1 Acre Lot• 41 Parking Spaces • APN 0211-301-03
EXEC
UTI
VE
SUM
MA
RY
2151 S. HAVEN AVE. | ONTARIO | CA
± 13,426 SF BUILDING SIZE
± 43,560 SF LOT SIZE
ONE- 2 STORY OFFICE BUILDINGBUILDING TYPE
41 SPACES PARKING STALLS
$2,968,086 ASKING PRICE
$240,765.94 TOTAL PROFORMA RENT INCOME CURRENT YEAR
$221.07 PER SQUARE FOOT
±$160,137.76PROFORMA NOI
FREE STANDING BUILDING
FOR SALE
4
RENT ROLL
Suite Tenant Start DateExpire Date RSF $/RSF
Annualized Rent
Rent Increase
Increase Date
2151-100 KMK Financial Services 10/1/2017 12/31/2022 2,840 $16.87 $47,910.80 $49,835.98 Start 10/01/2020
2151-101 Natali T. Karimpour DBA move 7/1/2016 9/30/2021 3,010 $17.55 $52,819.08 $54,924.00 Start 07/01/2020
2151-200 KMK Financial Services 10/1/2017 12/31/2022 1,563 $16.87 $26,372.34 $27,427.34 Start 10/01/2020
2151-202 VACANT 2,115 $0.00 $0.00 $0.00 __
2151-201 VACANT 1,563 $0.00 $0.00 $0.00 __
2151-203 Launch Tech (USA) 10/10/2018 11/30/2021 2,032 $17.92 $36,417.48 $37,510.08 Start 12/01/2020
Total 13,123 $12.46 $163,519.70
2151 S. HAVEN AVE. | ONTARIO | CA
5
PROFORMAMonthly Annual
INCOME
Rental Income $20,063.83 $240,765.94
Vacancy Factor 5% ($1,003.19) ($12,038.30)
Effective Gross Revenue $19,060.64 $228,727.64
EXPENSES
Electric $550.00 $6,600.00
Water $750.00 $9,000.00
Annual Roof Repair $41.66 $499.92
Insurance $362.50 $4,350.00
Management Fee 2.10% $400.00 $4,800.00
Telephone/Verizon $175.00 $2,100.00
Fire Protection $248.33 $2,979.96
Landscaping $300.00 $3,600.00
Property Taxes 1.10% $2,708.33 $32,500.00
Elevator $180.00 $2,160.00
Total Operating Expenses $5,715.82 $68,589.88
Net Operating Income $13,344.81 $160,137.76
Asking Price $2,968,086 Proforma Cap Rate 5.39%
FIN
AN
CIA
LS
2151 S. HAVEN AVE.ONTARIO | CA
6
2151 S. HAVEN AVE. | ONTARIO | CA7
2151 South Haven Avenue | Ontario, CA
Type Two Story Multi-tenant Office Building
Building Size 13,426 sqft available
Status 3,678 SF vacant. Below market lease rates.
Land Size 1 Acre
Parking Spots 41 Parking Stalls
Opportunity Investment/Owner User
Highlights • Immediate acess to 60 and 10 freeways• 2.3 Miles from Ontario Airport Departure & Arrival Area
PRO
PER
TY
OV
ERV
IEW
PROPERTY HIGHLIGHTS Class-B Office Features
2151 S. HAVEN AVE.ONTARIO | CA
8
PRO
PER
TY P
HO
TOS
2151 S. HAVEN AVE. | ONTARIO | CA
9
2151 S. HAVEN AVE.ONTARIO | CA
10
PRO
PER
TY P
HO
TOS
11
13,262
13,426
SOLD
S. haven avenue2151
O N T A R I O | C A 9 1 7 6 1
sold
available
12
S Ha
ven
Ave
nue
S Ec
ise A
venu
e
E Philadelphia Street
KAWASAKI MOTOS CORPORATION
MICHEL DE FRANCE
7EYE BY PANOTX
CALICO BRANDS
CAL LIGHTING
AMPED WIRELESS
DISTRIBUTION ALTERNATIVES
PRO
PER
TY A
ERIA
L
SUBJECT PROPERTY
13
2151 S. HAVEN AVENUE
2ND FLOOR
1ST FLOOR
OFFICE
OPEN WORK AREA
OFFICE
OFFICE
OFFICE
CLOSET
AVAILABLE
FLO
OR
PLA
N
14
2151 S. HAVEN AVENUE
OFFICE
OPEN WORK AREA
OFFICE
OFFICE
OFFICE
CLOSET
SUITE 201
FLO
OR
PLA
N
15
2151 S. HAVEN AVENUE
SUITE 202
FLO
OR
PLA
N
16
17
Traffic Count
Collection St. Cross Street Cross St Dist. Traffic Vol. Dist From Subect
S Haven Ave E Mission Blvd 0.11 N 33,015 0.09
E Philadelphia St S Haven Ave 0.13 W 5,293 0.15
E Philadelphia St S Haven Ave 0.13 W 5,214 0.15
E Mission Blvd S Haven Ave 0.20 W 10,206 0.21
S Haven Ave E Philadelphia St 0.13 N 39,862 0.25
S Haven Ave E Philadelphia St 0.13 N 39,631 0.25
S Haven Ave E Mission Blvd 0.08 S 42,386 0.28
E Philadelphia St S Excise Ave 0.08 E 6,307 0.31
S Turner Ave State 60 Hwy W 0.09 S 536 0.58
S Turner Ave E Cedar St 0.11 S 548 0.6
Radius 3 Miles 5 Miles 10 MilesPopulation:
2024 Projection 41,406 253,440 1,247,036
2019 Estimate 39,268 240,944 1,195,486
2010 Census 33,070 211,538 1,096,974
Average Age: 34.20 33.80 34.90
HH Growth 2014-2024: 5.52% 5.52% 4.38%
Median Home Value: $361,883 $367,377 $390,600
2019 Avg Household Income $85,947 $80,935 $87,745
Employment:
Total Businesses 3,798 10,781 37,447
Employees 59,413 140,377 392,791
MARKET CONDITIONS
Ontario International Airport
2.2 miles John Wayne Airport
42.4 miles LA/Long Beach Ports
55 miles
I-10 Freeway
2.2 milesI-15 Freeway
1.9 milesI-60 Freeway
.05 miles
10
60
15
AR
EA D
EMO
GR
APH
ICS
S. haven avenue2151
O N T A R I O | C A 9 1 7 6 1
18
Mission Blvd.
Mission Blvd.
S. H
aven
Ave
.
S. A
rchi
bald
Ave
.
S. M
iliken
Ave
.
E. Airport Dr.
E. Jurupa St.
E. Philadelphia St.
E. Airport Dr.
S. H
aven
Ave
. Mission Blvd.
ONTARIO INTERNATIONAL AIRPORT
SUBJECT PROPERTY
19
LOCATION HIGHLIGHTS Western Inland Empire
The Inland Empire has added more jobs in the past 5 years than anywhere else in the US. More than 4.5 million people now live in the Inland Empire giving it a larger population than 25 US States. The Inland Empire is the primary job creation center of California. Significant development is occurring in the immediate area including over 100,000,000 square feet of industrial product that has been built in the Inland Empire in the past 5 years. Ontario Airport which is located within a mile of the subject property has been the fastest growing airport the past two years within the United States. Land has become much more expensive and harder to buy in the Western Inland Empire over the past few years so replacing the subject property would be difficult. The property is priced well below replacement cost.
Central Location Close proximity to the 60, 10 & 15 Freeways. Centralized access to Southern California’s large population base.
Access to Abundant Labor Base
There is a large labor pool located within the Inland Empire, and housing is significantly less expensive than the higher priced coastal counties. Many people are relocating to the Inland Empire from coastal counties to be able to afford to buy a home, and many of them have a strong preference to avoid commuting long distances if possible. Employers are now taking advantage of the growing working age population in the area who prefer to avoid long commutes to the neighboring coastal counties, as a result more jobs have been added in the Inland Empire than in Los Angeles, Orange or San Diego County over the past five years.
LOC
ATI
ON
HIG
HLI
GH
TS
20
Although all information is furnished regarding for sale, rental or financing is from sources deemed reliable, such information has not been verified and no express representation is made nor is any to be implied as to the accuracy thereof, and it is submitted subject to errors, omissions, changes of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice. D/AQ Corp. # 01129558
2151 S. HAVEN AVE. | ONTARIO | CA
FOR SALE
DAN FOYE | VICE PRESIDENT P: 909.912.0009
[email protected] DRE License # 01292002
FRANK MAO | FIRST VICE PRESIDENT P: 909.919.0980
[email protected] DRE License # 01877207
ALAN MAO | ASSOCIATE P: 562.695.1466
[email protected] DRE License # 02106206
KEN ANDERSEN | SENIOR VICE PRESIDENT P: 909.912.0002
[email protected] DRE License # 00902084
For More Information, Contact:
OFF
ERIN
G M
EMO
RAN
DUM