1590 S Milliken Ave - Warehouse CONDO FOR SALE


Ontario, CA 91761
$2,820,000 USD
909-348-3956
1590 S Milliken Ave, Ontario, CA for Sale
$2,820,000 USD
Warehouse CONDO - FOR SALE
1/39
null | 4% Cap Rate

1590 S Milliken Ave
Ontario, CA 91761


OVERVIEW

RJ Realty is proud to present an exceptional leased industrial investment opportunity located at 1590 S Milliken Ave, Suite B, Ontario, CA. This ±7,718 square foot industrial condominium is part of a well-maintained business park with minimal ownership responsibilities, offering a strong and stable return. The property features ±720 SF of office space, 22’–24’ clear height, one dock-high loading position, one ground-level door (12’ x 14’), and a bonus mezzanine for additional storage (not included in the reported square footage). With reinforced concrete construction, fire sprinklers, 225-amp 3-phase power, and excellent access to the I-10, I-15, and CA-60 freeways, this unit offers a practical layout for light industrial use. The property is currently leased to Display Factory USA, a long-term tenant operating a distribution and printing business specializing in banners, signs, and advertising materials. The lease is in place through July 31, 2027, with the tenant paying both base rent and CAM. The investment offers a first-year Net Operating Income of approximately $111,526 and a CAP rate of ±4%, with 3% annual rent increases each August. With minimal landlord obligations—thanks to the association maintaining the roof, exterior walls, fire sprinklers, and common areas—this is a low-maintenance, high-quality opportunity ideal for investors seeking steady income and long-term value in Ontario’s thriving industrial market.

FOR SALE DETAILS

PRICE

$2,820,000 USD

PRICE/SF

$365 USD /SF

CAP RATE

4%

# OF UNITS

1

CONDO SIZE

-

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Warehouse

TOTAL BUILDING SIZE

66,836 SF

STORIES

1

BUILDING CLASS

B

YEAR BUILT

2000

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

2.48 AC

LAND SF

108,029 SF

ZONING

SP

APN/PARCEL ID

0211-361-22,0211-361-33

ASK ABOUT THIS PROPERTY

Ricky LeeRicky & Jessie RealtyMore Info
909-348-3956

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

Ricky LeeRicky & Jessie RealtyMore Info
909-348-3956

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