HIGH-IMAGE MULTI-TENANT OFFICE WITH LONG-TERM WALT
* High-Image Office Building | Modern architecture, professional lobby/common areas, and quality finishes support premium rents, drive the best tenancy and promote strong tenant retention.
* Durable Cash Flow | The property is 100% leased to three-tenants with a Weighted Average Lease Term of 6.81 years. This stability provides predictable income and minimizes near-term rollover risk.
* Diversified Tenancy | The property is home to three strong tenants, Bradshaw Home, Concentra Health Services and PBK Architects, with various footprints in the building creating diversification in space.
* High-Quality Improvements | With two of the three leases (79% of RBA) being signed in 2025, new ownership is inheriting brand new tenant improvements that limit near-term capital needs.
NATION’S LEADING OFFICE MARKET FUNDAMENTALS
* The Inland Empire boasts a vacancy rate of 8.81% (Q1 2024) and has held the lowest U.S. office vacancy rate for five straight quarters. Rancho Cucamonga has been one of the best performing larger submarkets in the IE with a Q1 vacancy rate of 8.55%.
* Thriving Economic Activity | The Inland Empire, a region whose $213-billion economy is equal to that of the state of Utah, has been Southern California’s best-growth market for several straight years, averaging 5.2% each year, per the Federal Reserve. The Inland Empire’s population is Southern California’s second largest, fueled by a growth rate that is almost 4 times more than the rest of the region since 1990. Additionally, the Inland Empire has quickly become one of the nation’s largest job markets as it currently has 5% more jobs today than it had prior to the pandemic.
* No New Office Construction | The Inland Empire West has nothing in the pipeline or planned for new office construction, creating even more value in the existing properties in the market.
EXCEPTIONAL PROFESSIONAL OFFICE LOCATION AND AMENITIES
* Desirable Office Location | Located on Fourth Street in Rancho Cucamonga, which connects two of Rancho’s most desirable thoroughfares – Haven Avenue and Milliken Avenue – the property provides immediate access to both the Interstate 10 and Interstate 15 Freeways, a variety of residential and retail amenities, and Ontario International Airport which is less than 2 miles away.
* Retail Destinations | The property has numerous retail amenities nearby including the newly built Collection retail center, Ontario Mills Mall, Haven City Market, and Victoria Gardens to name a few.