Multi-Tenant Office Investment within Minutes of Ontario International Airport

1804 - 1828 E Elma Ct, Ontario, CA

$3,600,000

Price

5.15%

Cap Rate

$185,522.64

NOI

Overview
Cap Rate
5.15%
NOI
$185,522.64
Building Size
17,360 sqft
Lot Area
0.9 acres
Class
B
Units
13
Year Built
1982
Floors
1
Description

The subject property offers an investor multiple strategies to maximize the properties value and income potential. The building consists of 13 different condominium units with the map already recorded totaling approx. 17,360 sq. ft. on an approx. 39,237 sq. ft. lot. The condo map allows individual units to be sold to small owner users or small investors, with smaller units typically selling for higher prices per foot an investor can gain some built in equity immediately upon close of escrow. The Airport Submarket could be considered the best office market in the Greater Inland Empire with many national corporate occupants.

Elma Court Business Center is a multi tenant office project located in Ontario, CA. The property is well located near the Ontario International Airport, as well as 3 freeways, I-10, I-15, & CA-60.

Highlights
  • 100% Occupied - 13 Separate Condo Units
  • Low Existing Average Rent Offering Upside Potential
  • Over 47% of units anchored by Large National Tenant
  • Close to Airport, Freeways & Convention Center
Documents

Location
Gallery