11070-11090 Foothill Blvd - Department Store FOR SALE


Rancho Cucamonga, CA 91730
$15,480,000 USD
760-438-8950
11070-11090 Foothill Blvd, Rancho Cucamonga, CA for Sale
$15,480,000 USD
Department Store - FOR SALE
1/27
null | 6.1% Cap Rate

11070-11090 Foothill Blvd
Rancho Cucamonga, CA 91730


HIGHLIGHTS

  • 4.79% ASSUMABLE BALANCE SHEET LOAN FOR 7 YEARS / 4.4% CASH ON CASH RETURN

OVERVIEW

EXCELLENT OPPORTUNITY | 6.1% CAP RATE - 4.79% ASSUMABLE BALANCE SHEET LOAN FOR 7 YEARS - 4.4% CASH ON CASH RETURN Colliers is pleased to present the opportunity to acquire a fee-simple 61,029 SF portion of the Rancho Cucamonga Town Center Square on 5.17 acres. The property has been 100% leased since inception in 1996. Rents are +/- 20% below market. $7,091,812 assumable, non-recourse, fixed-rate balance sheet loan in favor of A10 Capital at 4.79% due December 2031. $51,301 monthly P+I payment. Existing tenants include Office Depot, Barnes & Noble, and Aldi, which are part of the 25-acre, 230,681 SF Community Center co-anchored with PetsMart, Party City, Seafood City, Harbor Freight, and JoAnn. The property has been well-managed and maintained by the current ownership for 20 years. The esteemed Lewis Homes development company built the property. Ideally located in the high-growth Inland Empire area of Southern California east of Los Angeles with easy freeway access via I-10 and I-15 freeways. Foothill Blvd includes single-family homes, apartments, and retail properties constructed over the past fifty years. Nearby are the 1.25 million square foot Victoria Gardens Mall, the $120 million state-of-the-art California Speedway racing facility, the 1.7 million square foot Ontario Mills Outlet Center, the Ontario Convention Center, and Citizens Business Bank Arena—an 11,000-seat entertainment/sports arena in Ontario. The property offers the opportunity to purchase a stable, fully occupied retail property with rents +/- 20% below market and a 100% occupancy history since 1996.

FOR SALE DETAILS

PRICE

$15,480,000 USD

PRICE/SF

$253 USD /SF

CAP RATE

6.1%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Department Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1996

SPRINKLERS

-

PARKING SPACES

300

LAND DETAILS

LAND ACRES

5.17 AC

LAND SF

225,205 SF

ZONING

C3, Rancho Cucamonga

APN/PARCEL ID

1077-422-72

ASK ABOUT THIS PROPERTY

Jon BusseColliersMore Info
760-438-8950

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Jon BusseColliersMore Info
760-438-8950

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.