ONTARIO AIRPORT COMMERCE CENTER

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Transcription:

ONTARIO AIRPORT COMMERCE CENTER

PROPERTY SUMMARY PROPERTY DESCRIPTION ADDRESS: SUBMARKET: 1900 S. Proforma Ave, 1910 & 1920 S. Archibald Ave Ontario, CA 91761 Inland Empire West ACRES: 5.5 Acres YEAR OF COMPLETION: 1989 RENTABLE BUILDING AREA: 213,603 SF PERCENT LEASED: 88.6% CLEAR HEIGHT: 14-24 OFFICE BUILD-OUT: 24% INVESTMENT OVERVIEW HFF, as exclusive advisor, is pleased to present the rare opportunity to acquire Ontario Airport Commerce Center (the Property ) a multi-tenant business park consisting of three (3) buildings totaling 213,603 SF prominently situated in the Inland Empire West, a premier industrial market in the Greater Los Angeles area. The Property is currently about 88.6% leased, providing a mark-to-market opportunity allowing investors to increase rents ±14% and capture the unparalleled rent growth in the Inland Empire. 2 EXECUTIVE SUMMARY

1900 S. PROFORMA AVE S. PROFORMA AVE. 1910 S. ARCHIBALD AVE 1920 S. ARCHIBALD AVE E. PHILADELPHIA ST. S. ARCHIBALD AVE. 3 EXECUTIVE SUMMARY

INVESTMENT HIGHLIGHTS PREDICTABLE CASH FLOW WITH UPSIDE Ontario Airport Commerce Center benefits from strong historical occupancy, a diverse tenant base, and in-place rents that are ±14% below market. Approximately 41% of the rentable building area expires in the first 2 years, allowing investors to quickly capitalize on the mark-tomarket opportunity and the Inland Empire s tremendous rent growth. SIGNIFICANT DISCOUNT TO REPLACEMENT COST This institutionally owned and managed Property is being offered at a discount to replacement cost and provides investors well maintained mechanical systems, clear heights up to 24 feet, grade and dock level doors, and professional landscaping. 4 EXECUTIVE SUMMARY

FLEXIBLE AND DIVERSE CAMPUS ENVIRONMENT The Property consists of three (3) buildings arranged on three seperate tax parcels with open floor plans. Suites at the Property range from 400 to 17,280 SF, uniquely accommodating tenant demands as they grow and expand within the Property. STRATEGIC LOCATION IN THE INLAND EMPIRE WEST The Property is prominently situated in the Inland Empire West (IEW), the most highly sought after industrial market in the nation, providing easy access to I-10, I-215, and SR-60 and allowing for convenient access to the Ports of Long Beach & Los Angeles, as well as direct transportation routes to service the West Coast. Additionally, the Property provides easy access to Ontario International Airport (±1.2 Miles North) and Southern California s dense residential base (17.4 Million residents in a 60 mile radius). 5 EXECUTIVE SUMMARY

INVESTMENT HIGHLIGHTS INFILL LOCATION WITH HIGH BARRIERS TO ENTRY The offering provides investors the unique opportunity to acquire a rare industrial multi-tenant business park product with significant barriers to entry. The Property also provides great street visibility from Archibald Avenue. INCREASING DEMAND IN TIER 1 INDUSTRIAL MARKET The Southern California industrial markets continue to experience significant upward pressure on rental rates due to increased demand and expansion of e-commerce related uses. Asking rental rates have reached all-time highs throughout Southern California with the Inland Empire providing a significant discount of ±40% below asking rents in the Los Angeles & Orange County markets. 6 EXECUTIVE SUMMARY

REGIONAL MAP BUR ONTARIO AIRPORT COMMERCE CENTER SBD Ontario ONT LAX LGB 241 LA LB 22 SNA 241 7 EXECUTIVE SUMMARY

INVESTMENT SALES ADVISORS ANTHONY BRENT Managing Director 310.407.2123 abrent@hfflp.com CA Lic. #01037252 RYAN MARTIN Managing Director 949.798.4104 rmartin@hfflp.com CA Lic. #01932035 ANDREW BRINER Managing Director 310.407.2106 abriner@hfflp.com CA Lic. #01821872 ONTARIO AIRPORT MARKET LEASING ADVISORS RYAN ATHENS Vice President, CBRE 909.418.2021 ryan.athens@cbre.com CA Lic. #01387750 DEBT ADVISORS BRIAN TORP Senior Director 949.798.4118 btorp@hfflp.com CA Lic. #01886645 JEFF FRITCH Senior Associate, CBRE 909.418.2075 jeff.fritch@cbre.com CA Lic. #01857956 KEVIN MACKENZIE Senior Managing Director 949.798.8722 kmackenzie@hfflp.com CA Lic. #01899876 COMMERCE CENTER ANALYSTS MARK DEGIORGIO Associate 949.798.4138 mdegiorgio@hfflp.com CA Lic. #02026853 JONATHAN METCALFE Real Estate Analyst 949.798.4103 jmetcalfe@hfflp.com CA Lic. #02005036 ATLANTA AUSTIN BOSTON CAROLINAS CHICAGO DALLAS DENVER HOUSTON INDIANAPOLIS LOS ANGELES MIAMI NEW JERSEY NEW YORK CITY ORANGE COUNTY ORLANDO PHILADELPHIA PHOENIX PITTSBURGH PORTLAND SAN DIEGO SAN FRANCISCO TAMPA WASHINGTON D.C. LONDON 2017 Holliday Fenoglio Fowler, L.P., HFF Real Estate Limited (collectively, HFF ), HFF Securities L.P. and HFF Securities Limited (collectively, HFFS ) are owned by HFF, Inc. (NYSE: HF). HFF and its affiliates operate out of 24 offices and are a leading provider of commercial real estate and capital markets services to the global commercial real estate industry. HFF, together with its affiliates, offers clients a fully integrated capital markets platform including debt placement, investment sales, equity placement, funds marketing, M&A and corporate advisory, loan sales and loan servicing. For more information please visit hfflp.com or follow HFF on Twitter @HFF.