INLAND EMPIRE Completed Leases and Sales
October 2018
Nicholas Chang, CCIM, SIOR Richard Lee, SIOR Justin Kuehn 909.243.7614 909.243.7601 909.243.7627 [email protected] [email protected] [email protected] Cal DRE Lic. #01344844 Cal DRE Lic. #01757870 Cal DRE Lic. #01966182 Inland Empire Completed Leases, October 2018
Carson Etiwanda Logistics Center Goodman Commerce Center March Business Center RC Distribution Center III 11001 Etiwanda Avenue 5055 Goodman Way 16415 Cosmos Street 8595 Milliken Ave., Suite B-102 Fontana, CA Eastvale, CA 91752 Moreno Valley, CA 92551 Rancho Cucamonga, CA
Market/Submarket: Inland Empire West Market/Submarket: Inland Empire West Market/Submarket: Inland Empire East Market/Submarket: Inland Empire West Rent PSF: $0.50 Rent PSF: $0.53 Rent PSF: $0.42 Rent PSF: $0.59 Rent Type: NNN Rent Type: NNN Rent Type: NNN Rent Type: NNN CAM: $0.08 CAM: - CAM: - CAM: - NNN Charges: - NNN Charges: $0.14 NNN Charges: $0.11 NNN Charges: $0.13 Lease SF: 404,730 Lease SF: 373,522 Lease SF: 277,243 Lease SF: 72,846 Office SF: - Office SF: 6,000 Office SF: 4000 Office SF: 7,092 Building SF: 404,730 Building SF: 373,522 Building SF: 277,243 Building SF: 218,000 Year Built: 2013 Year Built: 2018 Year Built: 2016 Year Built: 2000 Term: 60 Term: 60 Term: 40 Term: 63 Free Rent: 0 Free Rent: 2 Free Rent: 3 Free Rent: 3 TIs: $0.00 TIs: $2.50 PSF TIs: $0.50 PSF TIs: - DH: 78 DH: 49 DH: 40 DH: 9 GL: 2 GL: 2 GL: 2 GL: 1 Amps: 800 Amps: To Suit Amps: To Suit Amps: 800 Height: 32 Height: 36 Height: 32 Height: 30 Sprinklers: Y Sprinklers: Y Sprinklers: Y Sprinklers: Y Rail: N Rail: N Rail: N Rail: N Yard: Y Yard: Y Yard: Y Yard: Y Multi-Tenant: - Multi-Tenant: - Multi-Tenant: - Multi-Tenant: Y POL: N POL: N POL: N POL: Y Rent Adjustments: 3% annual increases Rent Adjustments: 3% annual increases Rent Adjustments: - Rent Adjustments 3% annual increases Comment: - Comment: - Comment: 3% annual increases Comments TI’s: Paint/carpet, general refurbishment. Inland Empire Completed Leases, October 2018
719 Palmyrita Avenue Vintage Industrial Center Safari Business Center Milliken Business Center III Riverside, CA 92507 1260 Vintage Ave. 2057 S Vineyard Ave., Suite 2 935 S Milliken Ave., Suite B Ontario, CA 91761 Ontario, CA 92761 Ontario, CA 91761
Market/Submarket: Inland Empire East Market/Submarket: Inland Empire West Market/Submarket: Inland Empire West Market/Submarket: Inland Empire West Rent PSF: $0.47 Rent PSF: $0.66 Rent PSF: $0.72 Rent PSF: $0.70 Rent Type: N Rent Type: NNN Rent Type: G Rent Type: NNN CAM: - CAM: - CAM: $0.06 CAM: - NNN Charges: $0.05 NNN Charges: $0.12 NNN Charges: - NNN Charges: $0.14 Lease SF: 70,692 Lease SF: 47,385 Lease SF: 38,452 Lease SF: 37,632 Office SF: 12,997 Office SF: 4,348 Office SF: 2,718 Office SF: - Building SF: 20,692 Building SF: 140,270 Building SF: 60,192 Building SF: 65,556 Year Built: 2000 Year Built: 1997 Year Built: 1987 Year Built: 1990 Term: 120 Term: 36 Term: 62 Term: 62 Free Rent: 4 Free Rent: 0 Free Rent: 2 Free Rent: 2 TIs: None TIs: $30,000.00 TIs: - TIs: - DH: 2 DH: 5 DH: 2 DH: 10 GL: 5 GL: 1 GL: 3 GL: 1 Amps: 2000 Amps: 400 Amps: 800 Amps: 400 Height: 24 Height: 30 Height: 24 Height: 24 Sprinklers: Y Sprinklers: Y Sprinklers: Y Sprinklers: Y Rail: N Rail: N Rail: N Rail: N Yard: Y Yard: Y Yard: N Yard: Y Multi-Tenant: N Multi-Tenant: Y Multi-Tenant: Y Multi-Tenant: - POL: N POL: Y POL: Y POL: Y Rent Adjustments: 3% annual increases Rent Adjustments: 3% annual increases Rent Adjustments: 3% annual increases Rent Adjustments: 3% annual increases Comments: - Comments: - Comments: TI’s: Market ready Comments: TI’s: Office demolition refurbishment. - $4.00 PSF; Tenant Improvements $2.00 PSF Early Occupancy: 2 months Inland Empire Completed Leases, October 2018
345 Cessna Cir., Suite B Etiwanda Industrial Center Wildrose Business Park Pacific Gateway Center Corona, CA 5731 Santa Ana St. 22420 Temescal Canyon Rd., Suite C 787 S Wanamaker Ave., Suite 1 Ontario, CA Corona, CA 92883 Ontario, CA 91761
Market/Submarket: Inland Empire East Market/Submarket: Inland Empire West Market/Submarket: Inland Empire East Market/Submarket: Inland Empire West Rent PSF: $0.76 Rent PSF: $0.57 Rent PSF: $0.85 Rent PSF: $0.69 Rent Type: G Rent Type: NNN Rent Type: G Rent Type: G CAM: - CAM: - CAM: - CAM: - NNN Charges: - NNN Charges: $0.13 NNN Charges: - NNN Charges: - Lease SF: 35,000 Lease SF: 32,512 Lease SF: 28,265 Lease SF: 28,162 Office SF: - Office SF: 1800 Office SF: 2,447 Office SF: 5,500 Building SF: 113,050 Building SF: 107,661 Building SF: 28,265 Building SF: 60,197 Year Built: 2003 Year Built: 1988 Year Built: 2000 Year Built: 1989 Term: 36 Term: 62 Term: 36 Term: 68 Free Rent: 0 Free Rent: 2 Free Rent: 36 Free Rent: 2 TIs: - TIs: See Notes TIs: $0.00 TIs: $0.00 DH: 4 DH: 2 DH: 3 DH: 5 GL: 3 GL: 2 GL: 2 GL: 1 Amps: 1000 Amps: 400 Amps: - Amps: 4000 Height: 30 Height: 22 Height: 30 Height: 24 Sprinklers: Y Sprinklers: Y Sprinklers: Y Sprinklers: Y Rail: N Rail: N Rail: N Rail: N Yard: Y Yard: Y Yard: Y Yard: Y Multi-Tenant: Y Multi-Tenant: Y Multi-Tenant: - Multi-Tenant: POL: Y POL: Y POL: Y POL: Y Rent Adjustments: 3% annual increases Rent Adjustments: 3% annual increases Rent Adjustments: 3% annual increases Options: - Comments: - Comments: TI’s: 12X14 opening in Comments: - Rent Adjustments: 3% annual increases the demising wall between the tenant’s two units Comments: Fence to separate warehouse space installed Inland Empire Completed Leases, October 2018
231 Pleasant Avenue Fontana Gateway Magnolia Center Ontario Pacific Bus Center Ontario, CA 91761 13112 Santa Ana Ave., Suite A-3 12140 Magnolia Ave., Bldg. 71 3969 Guasti Rd., Suite A Fontana, CA 92337 Riverside, CA 91708 Ontario, CA 91761
Market/Submarket: Inland Empire West Market/Submarket: Inland Empire West Market/Submarket: Inland Empire East Market/Submarket: Inland Empire West Rent PSF: $0.68 Rent PSF: $0.75 Rent PSF: $0.84 Rent PSF: $0.85 Rent Type: G Rent Type: G Rent Type: G Rent Type: G CAM: $0.13 CAM: $0.06 CAM: - CAM: $0.05 NNN Charges: - NNN Charges: - NNN Charges: - NNN Charges: - Lease SF: 26,360 Lease SF: 19,690 Lease SF: 18,864 Lease SF: 16,794 Office SF: To Suit Office SF: 1,590 Office SF: 2,138 Office SF: 880 Building SF: 26,360 Building SF: 75,000 Building SF: 18,864 Building SF: 39,219 Year Built: 2018 Year Built: 2007 Year Built: 2018 Year Built: 1996 Term: 60 Term: 61 Term: 60 Term: 48 Free Rent: 0 Free Rent: 1 Free Rent: 0 Free Rent: 1 TIs: $0.75 PSF TIs: $2.00 PSF TIs: $0.00 TIs: $0.00 DH: 4 DH: 6 DH: 1 DH: 2 GL: 1 GL: 1 GL: 1 GL: 1 Amps: 800 Amps: 400 Amps: 800 Amps: - Height: 30 Height: 30 Height: 26 Height: 22 Sprinklers: Y Sprinklers: Y Sprinklers: Y Sprinklers: Y Rail: N Rail: N Rail: N Rail: N Yard: Y Yard: Y Yard: Y Yard: N Multi-Tenant: - Multi-Tenant: - Multi-Tenant: - Multi-Tenant: Y POL: N POL: Y POL: N POL: Y Options: - Options: One 5-yr option at FMV Options: - Options: - Rent Adjustments: - Rent Adjustments: 3% annual increases Rent Adjustments: 2.5% annual increases Rent Adjustments: 3% annual increases Comments: - Comments: - Comments: - Comments: - Inland Empire Completed Leases, October 2018
Safari Business Center Majestic Airport Center Ontario Autopark Rancho Cucamonga Bus Park 2020 S Lynx Pl., Suite A 2663 Lindsay Privado Dr., Bldg. 2 4960 Vanderbilt St. 8460 Red Oak St. Ontario, CA 91761 Ontario, CA 91761 Ontario, CA 91761 Rancho Cucamonga, CA 91731
Market/Submarket: Inland Empire West Market/Submarket: Inland Empire West Market/Submarket: Inland Empire West Market/Submarket: Inland Empire West Rent PSF: $0.85 Rent PSF: $0.80 Rent PSF: $0.90 Rent PSF: $0.80 Rent Type: G Rent Type: G Rent Type: G Rent Type: G CAM: 0.06 CAM: - CAM: - CAM: - NNN Charges: - NNN Charges: - NNN Charges: - NNN Charges: - Lease SF: 15,889 Lease SF: 15,714 Lease SF: 14,883 Lease SF: 12,000 Office SF: 2,385 Office SF: 1,541 Office SF: 1,020 Office SF: 2,100 Building SF: 38,526 Building SF: 15,714 Building SF: 14,883 Building SF: 12,000 Year Built: 1987 Year Built: 1990 Year Built: 1992 Year Built: 1984 Term: 61 Term: 36 Term: 120 Term: 24 Free Rent: 1 Free Rent: 0 Free Rent: 2 Free Rent: 0 TIs: - TIs: 0 TIs: None TIs: $0.00 DH: 1 DH: 1 DH: 0 DH: 0 GL: 1 GL: 1 GL: 3 GL: 2 Amps: 400 Amps: 400 Amps: 400 Amps: 800 Height: 24 Height: 22 Height: 16 Height: 18 Sprinklers: Y Sprinklers: Y Sprinklers: Y Sprinklers: Y Rail: N Rail: N Rail: N Rail: N Yard: N Yard: N Yard: Y Yard: Y Multi-Tenant: Y Multi-Tenant: N Multi-Tenant: - Multi-Tenant: - POL: Y POL: N POL: N POL: N Options: - Options: - Options: None Options: - Rent Adjustments: 3% annual increases Rent Adjustments: 3% annual increases Rent Adjustments: 2% annual increases Rent Adjustments: 3% increase year 2 Comments: TI's: Market ready Comments: - Comments: - Comments: - refurbishment. Inland Empire Completed Leases, October 2018
1620 Fremont Ct. 6692 Doolittle Ave. Mission Business Center Chino Gateway Center Ontario, CA Riverside, CA 12285 Colony Ave. 14020 Central Ave., Suite 540 Chino, CA 91710 Chino, CA
Market/Submarket: Inland Empire West Market/Submarket: Inland Empire East Market/Submarket: Inland Empire West Market/Submarket: Inland Empire West Rent PSF: $0.85 Rent PSF: $0.71 Rent PSF: $0.90 Rent PSF: $1.00 Rent Type: G Rent Type: G Rent Type: G Rent Type: G CAM: $0.06 CAM: - CAM: - CAM: - NNN Charges: - NNN Charges: - NNN Charges: - NNN Charges: - Lease SF: 15,889 Lease SF: 10,437 Lease SF: 10,094 Lease SF: 9,900 Office SF: 2,385 Office SF: 1,200 Office SF: 1,600 Office SF: 1,000 Building SF: 38,526 Building SF: 10,437 Building SF: 10,094 Building SF: 92,590 Year Built: 1987 Year Built: 2005 Year Built: 1990 Year Built: 1989 Term: 61 Term: 36 Term: 24 Term: 47 Free Rent: 1 Free Rent: 0 Free Rent: - Free Rent: - TIs: - TIs: $0.00 TIs: - TIs: As-Is DH: 1 DH: 0 DH: 0 DH: 1 GL: 1 GL: 2 GL: 1 GL: 1 Amps: 400 Amps: 1200 Amps: 400 Amps: 200 Height: 24 Height: 20 Height: 16 Height: 22 Sprinklers: Y Sprinklers: Y Sprinklers: Y Sprinklers: Y Rail: N Rail: N Rail: N Rail: N Yard: N Yard: Y Yard: N Yard: N Multi-Tenant: Y Multi-Tenant: - Multi-Tenant: - Multi-Tenant: - POL: Y POL: N POL: N POL: Y Options: - Options: - Options: - Options: - Rent Adjustments: 3% annual increases Rent Adjustments: 3% annual increases Rent Adjustments: 3% annual increases Rent Adjustments: 3% annual increases Comments: TI's: Market ready Comments: 1 Month Early Comments: 2 weeks early occupancy Comments: - refurbishment. Occupancy, No CAM Inland Empire Completed Leases, October 2018
705 E. Harrison St., Suite 100 Riverview Business Center Ontario Business Center 10661 Fulton Ct. Corona, CA 92879 1833 Riverview Dr., Suite A 820 Rockefeller Ave., Suite D Rancho Cucamonga, CA 91730 San Bernardino, CA 92408 Ontario, CA 91761
Market/Submarket: Inland Empire East Market/Submarket: Inland Empire West Market/Submarket: Inland Empire West Market/Submarket: Inland Empire West Rent PSF: $0.85 Rent PSF: $0.69 Rent PSF: $0.89 Rent PSF: $0.87 Rent Type: G Rent Type: G Rent Type: MG Rent Type: G CAM: - CAM: $0.05 CAM: $0.05 CAM: - NNN Charges: - NNN Charges: - NNN Charges: - NNN Charges: - Lease SF: 9,547 Lease SF: 8,800 Lease SF: 7,000 Lease SF: 6,562 Office SF: 3,835 Office SF: 800 Office SF: 1,000 Office SF: 1,104 Building SF: 28,050 Building SF: 4,4000 Building SF: 63,157 Building SF: 6,562 Year Built: 1990 Year Built: 1981 Year Built: 1989 Year Built: 1989 Term: 36 Term: 36 Term: 62 Term: 36 Free Rent: 0 Free Rent: 0 Free Rent: 2 Free Rent: 0 TIs: $0.00 TIs: $0.00 TIs: as-is TIs: $0.00 DH: 0 DH: 0 DH: 1 DH: 0 GL: 1 GL: 1 GL: 1 GL: 2 Amps: 400 Amps: 200 Amps: 225 Amps: 400 Height: 23 Height: 18 Height: 24 Height: 14 Sprinklers: Y Sprinklers: Y Sprinklers: Y Sprinklers: Y Rail: N Rail: N Rail: N Rail: N Yard: N Yard: N Yard: N Yard: Y Multi-Tenant: - Multi-Tenant: Y Multi-Tenant: Y Multi-Tenant: - POL: Y POL: Y POL: Y POL: N Options: - Options: - Options: - Options: - Rent Adjustments: 3% annual increases Rent Adjustments: 3% annual increases Rent Adjustments: 3% annual increases Rent Adjustments: 3% annual increases Comments: - Comments: - Comments: - Comments: - Inland Empire Completed Leases, October 2018
Trademark Business Center Safari Business Center 10291 Trademark St., Suite A 2042 Francis St., Suite 7 Rancho Cucamonga, CA 91730 Ontario, CA
Market/Submarket: Inland Empire West Market/Submarket: Inland Empire West Rent PSF: $1.02 Rent PSF: $0.85 Rent Type: G Rent Type: G CAM: - CAM: 0.06 NNN Charges: - NNN Charges: - Lease SF: 5,648 Lease SF: 5,119 Office SF: 2,000 Office SF: 705 Building SF: 17,820 Building SF: 50,932 Year Built: 1989 Year Built: 1995 Term: 36 Term: 49 Free Rent: 0 Free Rent: 1 TIs: As-Is TIs: - DH: 0 DH: 0 GL: 2 GL: 1 Amps: 400 Amps: 200 Height: 16 Height: 24 Sprinklers: Y Sprinklers: Y Rail: N Rail: N Yard: N Yard: N Multi-Tenant: Y Multi-Tenant: Y POL: Y POL: Y Options: - Options: - Rent Adjustments: 3% annual increases Rent Adjustments: 3% annual increases Comments: - Comments: - Inland Empire Completed Sales, October 2018
Interchange Business Center Staples Distribution Center 520 E Orange Show Rd. 14674 Yorba Ct (17 Properties) 1651 Interchange Dr. (3 Properties) 450 S Cactus Ave. San Bernardino, CA 92408 Chino, CA 91710 San Bernardino, CA 92407 Rialto, CA 92376
County: San Bernardino County: San Bernardino County: San Bernardino County: San Bernardino Sale Date: 10/10/2018 Sale Date: 10/4/2018 Sale Date: 10/23/2018 Sale Date: 10/10/2018 Sale Price: $73,000,000 Sale Price: $66,360,500 Sale Price: $31,580,000 Sale Price: $13,500,000 Building Class: A Building Class: B Building Class: A Building Class: - Building SF: 667,024 Building SF: 500,000 Building SF: 318,989 Building SF: - Land Area (Acres): 34.61 Land Area (Acres): 46.82 Land Area (Acres): 14.19 Land Area (Acres): 18.7 Inland Empire Completed Sales, October 2018
9509 Feron Blvd. Rochester Park Rivergate Industrial Park Rustin Business Park Rancho Cucamonga, CA 91730 8630 Rochester Ave. 12165-12171 Madera Way 1850 Rustin Ave. Rancho Cucamonga, CA 91730 Riverside, CA 92503 Riverside, CA 92507
County: San Bernardino County: San Bernardino County: Riverside County: Riverside Sale Date: 10/26/2018 Sale Date: 10/1/2018 Sale Date: 10/15/2018 Sale Date: 10/16/2018 Sale Price: $12,557,500 Sale Price: $7,705,227 Sale Price: $2,900,000 Sale Price: $2,100,000 Building Class: B Building Class: A Building Class: B Building Class: B Building SF: 87,171 Building SF: 45,848 Building SF: 23,212 Building SF: 12,720 Land Area (Acres): 4.4 Land Area (Acres): 2.02 Land Area (Acres): 1.23 Land Area (Acres): 0.73 Inland Empire Completed Sales, October 2018
4711 Schaefer Ave. 14721 Hilton Dr. 5390 W Mission Blvd. 42345 Avenida Alvarado Chino, CA 91710 Fontana, CA 92336 Ontario, CA 91762 Temecula, CA 92590
County: San Bernardino County: San Bernardino County: San Bernardino County: Riverside Sale Date: 10/4/2018 Sale Date: 10/5/2018 Sale Date: 10/2/2018 Sale Date: 10/10/2018 Sale Price: $1,950,000 Sale Price: $1,475,000 Sale Price: $1,425,000 Sale Price: $1,225,000 Building Class: C Building Class: C Building Class: C Building Class: C Building SF: 9,585 Building SF: 9,832 Building SF: 13,215 Building SF: 11,480 Land Area (Acres): 0.55 Land Area (Acres): 0.6 Land Area (Acres): 0.44 Land Area (Acres): 0.7 Inland Empire Completed Sales, October 2018
Empire Business Center Elm Street Park 7510 Jurupa Ave., Unit 101 41795 Elm St., Unit 10 Riverside, CA 92504 Murrieta, CA 92562
County: Riverside County: Riverside Sale Date: 10/12/2018 Sale Date: 10/1/2018 Sale Price: $1,180,000 Sale Price: $970,000 Building Class: B Building Class: B Building SF: 14,868 Building SF: 24,796 Land Area (Acres): 4.14 Land Area (Acres): 1.46 Downtown Los Angeles Simi Valley 601 S. Figueroa St., Suite 3825 2655 First Street, Suite 250 Los Angeles, CA 90017 Simi Valley, CA 93065 San Fernando Valley - HQ South Bay 16001 Ventura Blvd., Suite 200 970 W. 190th St. Dr., Suite 100 CALIFORNIA Encino, CA 91436 Torrance, CA 90502 LA North Inland Empire Temecula Valley Victorville 800 N. Haven Dr., Suite 400 27720 Jefferson Ave., Suite 330 Ontario, CA 91764 Temecula, CA 92590 Ventura County Inland Empire Orange County Ventura County 1920 Main St., Suite 100 300 Esplanade Dr., Suite 1660 Westlake Village Palm Desert Irvine, CA 92614 Oxnard, CA 93036 SFV HQ Palm Desert Victorville Downtown Los Angeles 75-410 Gerald Ford Dr., Suite 200 13911 Park Avenue, Suite 206 Temecula Valley Palm Desert, CA 92211 Victorville, CA 92392 Orange County Pasadena Pasadena West Los Angeles San Gabriel Valley East 225 S. Lake Ave., Suite 1170 11835 W. Olympic Blvd., Suite 700E Pasadena, CA 91101 Los Angeles, CA 90064 Simi Valley South Bay San Gabriel Valley East Westlake Village West Los Angeles 21660 E. Copley Dr., Suite 320 2555 Townsgate Road, Suite 320 Diamond Bar, CA 91765 Westlake Village, CA 91361 LA North NAI Capital 27451 Tourney Road, Suite 200 Property Management Valencia, CA 91355 Contact: Gail Robinson-Henry 1920 Main Street, Suite 100 Irvine, CA 92614
No warranty, express or implied, is made as to the accuracy of the information contained herein. This information is submitted subject to errors, omissions, change of price, rental or other conditions, withdrawal without notice, Nicholas Chang, CCIM, SIOR Richard Lee, SIOR Justin Kuehn 800 North Haven, Suite 400 and is subject to any special listing conditions imposed by our principals. Cooperating brokers, buyers, tenants and other parties who receive this document should not rely on it, but should use it as a starting point of analysis, 909.243.7614 909.243.7601 909.243.7627 Ontario, California 91764 and should independently confirm the accuracy of the information contained herein through a due diligence review [email protected] [email protected] [email protected] 909 945 2339 of the books, records, files and documents that constitute reliable sources of the information described herein. Logos are for identification purposes only and September be trademarks of their respective companies. NAI Cal DRE Lic. #01344844 Cal DRE Lic. #01757870 Cal DRE Lic. #01966182 www.naicapital.com Capital, Inc. Cal DRE Lic. #01990696.