9680 Haven Avenue

    Rancho Cucamonga, CA 91730
    • $21,000,000
    • STATUS: Active
    • ON SITE: 45 days
    • ID#: WS19185537
    UPDATED: 38 min ago
    $21,000,000
    • 0
      BEDS
    • 0.57
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 75,349
      SQFT
    • $279
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    Built:
    2007
    County:

    School Ratings & Info

    Description

    9680 Haven represents an excellent opportunity for an astute investor to acquire a stabilized Class A office building with credit tenants and long-term durable cash flow in a supply-constrained sub-market below replacement costs and yield an above market CAP rate of 6.63% in Year 1. Constructed in 2007, the three-story high image building is 100% leased to five tenants with a weighted average remaining lease term of approximately 6.4 year. The buyer can expect stable cash flow and low rollover costs and risks. The five tenants are recognized leaders in a diversified mix of industries including technology, financial service, education, legal service and sports. Anchor tenant Novatime Technology, a subsidiary of a venture owned by private equity firm Summit Partners ($19 billion assets under its management), is under a 10-year lease. Pacific Western Bank, a NASDAQ company with a market cap of $4,400 million, has maintained its presence in the building since 2007. University of Redlands has just extended its lease term at this mission-critical location after its initial opening in 2007. US Legal Support, a litigation support firm which has been at this location since 2014, is rapidly expanding its footprints nationwide. The NBA team Los Angeles Clippers (Valued at $2.2 billion) is the most recent addition to an impressive roster. In addition to stability, the built-in annual rent escalations offer the new owner an attractive inflation-hedge as well as income growth.

    Monthly Payment Calculator



    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-09-19T22:43:21.24. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Allison James Estates and Homes. Licensed in the State of California, USA.
    www.teamforss.com/homes/97580652

    9680 Haven Avenue Rancho Cucamonga, CA 91730

    • Price: $21,000,000
    • Status: Active
    • Updated: 38 min ago
    • ID#: WS19185537
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.57
    Acres
    75,349
    SQFT
    $279
    $/SQFT
    2007
    Built
    Neighborhood:
    688 - Rancho Cucamonga
    County:
    San Bernardino
    Area:
    688 - Rancho Cucamonga
    Property Description
    9680 Haven represents an excellent opportunity for an astute investor to acquire a stabilized Class A office building with credit tenants and long-term durable cash flow in a supply-constrained sub-market below replacement costs and yield an above market CAP rate of 6.63% in Year 1. Constructed in 2007, the three-story high image building is 100% leased to five tenants with a weighted average remaining lease term of approximately 6.4 year. The buyer can expect stable cash flow and low rollover costs and risks. The five tenants are recognized leaders in a diversified mix of industries including technology, financial service, education, legal service and sports. Anchor tenant Novatime Technology, a subsidiary of a venture owned by private equity firm Summit Partners ($19 billion assets under its management), is under a 10-year lease. Pacific Western Bank, a NASDAQ company with a market cap of $4,400 million, has maintained its presence in the building since 2007. University of Redlands has just extended its lease term at this mission-critical location after its initial opening in 2007. US Legal Support, a litigation support firm which has been at this location since 2014, is rapidly expanding its footprints nationwide. The NBA team Los Angeles Clippers (Valued at $2.2 billion) is the most recent addition to an impressive roster. In addition to stability, the built-in annual rent escalations offer the new owner an attractive inflation-hedge as well as income growth.
    Exterior Features

    Construction Materials ConcreteGlassSteel Lot Features LandscapedLevel With Street Lot Size Source Assessor Lot Size Units Square Feet Roof BitumenFlatReflective

    Interior Features

    Building Features ElevatorsPhone System Condo Area Units Square Feet Cooling Central AirZoned Cooling YN Yes Heating Central Heating YN Yes Laundry Features None Office Class A Office Square Footage 75349

    Property Features

    Accounting Type Proforma Additional Parcels Description 0210-391-22-0000 Additional Parcels YN Yes Anchors Co Tenants Novatime Technology Building Area Units Square Feet Building Status Existing Country Us Investment Property YN Yes Land Lease YN No Land Use Office Laundry YN No Leasable Area Units Square Feet Max Total Area Units Square Feet Min Total Area Units Square Feet Number Of Units Leased 5 Park Name Haven Park Property Sub Type Office Special Listing Conditions Standard Utilities Cable ConnectedElectricity ConnectedPhone ConnectedSewer ConnectedWater Connected Water Source Public Year Built Source Assessor

    Listing provided courtesy of Franklin Shen of Realty Advisors Intl, Inc.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-09-19T22:43:21.24. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Allison James Estates and Homes. Licensed in the State of California, USA.
     
    Allison James Estates and Homes
    31213 Temecula Parkway
    Temecula CA, 92592