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INLAND EMPIRE Completed Leases and Sales September 2019 Nicholas Chang, CCIM, SIOR 909.243.7614 [email protected] Cal DRE Lic. #01344844 Richard Lee, SIOR 909.243.7601 [email protected] Cal DRE Lic. #01757870 Justin Kuehn 909.243.7627 [email protected] Cal DRE Lic. #01966182 Sione Fua 909.243.7619 [email protected] Cal DRE Lic. #02006432
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Page 1: INLAND EMPIREnaicapital.com/Ontario/nchang/monthly_comps/comps_Sept2019.pdf · Westlake Village Inland Empire Palm Desert Temecula Valley SFV HQ Downtown Los Angeles Orange County

I N L A N D E M P I R EC o m p l e t e d L e a s e s a n d S a l e s

September 2019

Nicholas Chang, CCIM, [email protected] DRE Lic. #01344844

Richard Lee, [email protected] DRE Lic. #01757870

Justin [email protected] DRE Lic. #01966182

Sione [email protected] DRE Lic. #02006432

Page 2: INLAND EMPIREnaicapital.com/Ontario/nchang/monthly_comps/comps_Sept2019.pdf · Westlake Village Inland Empire Palm Desert Temecula Valley SFV HQ Downtown Los Angeles Orange County

Inland EmpireCompleted Leases, September 2019

11751 Industry AveFontana, CA

Market/Submarket: Inland Empire WestRent PSF: $0.62Rent Type: NNNCAM/NNN Charges: $0.10Lease SF: 242,034Office SF: 3,959Building SF: 242,034Year Built: 2010Term: 62Free Rent: 2TIs: $0.00DH: 46GL: 2Amps: 800Height: 32Sprinklers: YRail: NYard: -Rent Adjustments: 3.25% annual increasesComment: -

Dolphin Distribution Center14650 Miller AveFontana, CA Market/Submarket: Inland Empire WestRent PSF: $0.59Rent Type: NNNCAM/NNN Charges: $0.11Lease SF: 186,118Office SF: 8,666Building SF: 186,118Year Built: 1990Term: 61Free Rent: 1.5TIs: $1.50 PSFDH: 20GL: 2Amps: 3000Height: 30Sprinklers: YRail: NYard:Rent Adjustments: 3% annual increasesComment: Lease commences upon

completion of TI's

Hallmark Distribution Center4982 Hallmark PkwySan Bernardino, CA Market/Submarket: Inland Empire EastRent PSF: $0.48Rent Type: NNNCAM/NNN Charges: $0.15Lease SF: 155,683Office SF: -Building SF: 340,080Year Built: 2018Term: 62Free Rent: 2TIs: -DH: 16GL: 1Amps: 2000Height: 32Sprinklers: YRail: NYard: -Rent Adjustments: 3% annual increasesComment: TI's: Install 11 edge

of dock levelers

1620 Proforma AveFontana, CA

Market/Submarket: Inland Empire WestRent PSF: $0.70Rent Type: NNNCAM/NNN Charges: $0.11Lease SF: 50,404Office SF: 4,053Building SF: 50,404Year Built: 1995Term: 62Free Rent: 2TIs: As IsDH: 4GL: 5Amps: 1000Height: 24Sprinklers: YRail: NYard: -Rent Adjustments: 3% annual increasesComment: -

Page 3: INLAND EMPIREnaicapital.com/Ontario/nchang/monthly_comps/comps_Sept2019.pdf · Westlake Village Inland Empire Palm Desert Temecula Valley SFV HQ Downtown Los Angeles Orange County

Inland EmpireCompleted Leases, September 2019

State College Business Park4985 Hallmark Pkywy, Bldg. BSan Bernardino, CA Market/Submarket: Inland Empire EastRent PSF: $0.57Rent Type: NNNCAM/NNN Charges: $0.13Lease SF: 47,169Office SF: 809Building SF: 47,169Year Built: 1989Term: 62Free Rent: 2TIs: $0.00DH: 4GL: 2Amps: 800Height: 22Sprinklers: YRail: NYard: -Rent Adjustments: 3% annual increasesComment:

Parkridge Business Center830 E Parkridge Ave.Corona, CA Market/Submarket: Inland Empire EastRent PSF: $0.90Rent Type: GCAM/NNN Charges: -Lease SF: 36,634Office SF: 5233Building SF: 36,634Year Built: 2004Term: 60Free Rent: 1TIs: -DH: 2GL: 4Amps: 1200Height: 24Sprinklers: YRail: NYard: -Rent Adjustments: 3% annual increasesComment: No CAM

LEED Cucamonga III10825 7th St, Suite HRancho Cucamonga, CA Market/Submarket: Inland Empire WestRent PSF: $0.77Rent Type: MGCAM/NNN Charges: $0.05Lease SF: 25,300Office SF: 800Building SF: 133,702Year Built: 1988Term: 63Free Rent: 3TIs: $0.00DH: 2GL: 1Amps: 400Height: 24Sprinklers: YRail: NYard: -Rent Adjustments: 3% annual increasesComment: -

MS Van Buren I22380 Van Buren Blvd., Suite 101Riverside, CA Market/Submarket: Inland Empire EastRent PSF: $0.70Rent Type: NNNCAM/NNN Charges: $0.17Lease SF: 18,229Office SF: 1,500Building SF: 47,612Year Built: 2019Term: 37Free Rent: 1TIs: $0.00DH: 3GL: 1Amps: 400Height: 26Sprinklers: YRail: N Yard: -Rent Adjustments: 3% annual increasesComment: -

Page 4: INLAND EMPIREnaicapital.com/Ontario/nchang/monthly_comps/comps_Sept2019.pdf · Westlake Village Inland Empire Palm Desert Temecula Valley SFV HQ Downtown Los Angeles Orange County

Inland EmpireCompleted Leases, September 2019

Pacific Gate North4711-4721 Airport Dr., Suite 4177Ontario, CA Market/Submarket: Inland Empire WestRent PSF: $0.75Rent Type: GCAM/NNN Charges: -Lease SF: 17,613Office SF: 2,000Building SF: 37,256Year Built: 1989Term: 61Free Rent: 1TIs: $0.00DH: 4GL: 1Amps: 400Height: 24Sprinklers: YRail: NYard: -Rent Adjustments: 3% annual increasesComment: -

Rialto Business Park2761 Lilac Ave.Rialto, CA Market/Submarket: Inland Empire EastRent PSF: $0.85Rent Type: GCAM/NNN Charges: -Lease SF: 17,060Office SF: 1,000Building SF: 17,060Year Built: 2006Term: 36Free Rent: 0TIs: $0.00DH: 0GL: 3Amps: 400Height: 22Sprinklers: YRail: NYard: -Rent Adjustments: 2% annual increasesComment: -

R.C. Commerce Center9357 Richmond Pl., Suite 105Rancho Cucamonga, CA Market/Submarket: Inland Empire WestRent PSF: $0.69Rent Type: GCAM/NNN Charges: $227 per monthLease SF: 15,293Office SF: 1,174Building SF: 74,730Year Built: 2001Term: 9Free Rent: 0TIs: $0.00DH: 3GL: 1Amps: -Height: 26Sprinklers: YRail: NYard: -Rent Adjustments: FlatComment: -

110161 Rose Ave, Fontana, CA

Market/Submarket: Inland Empire WestRent PSF: $0.81Rent Type: GCAM/NNN Charges: -Lease SF: 13,000Office SF: 1,600Building SF: 13,000Year Built: 1988Term: 36Free Rent: 1TIs: $0.00DH: 0GL: 5Amps: 800Height: 18Sprinklers: NRail: YYard: -Rent Adjustments: 3% annual increasesComment: -

Page 5: INLAND EMPIREnaicapital.com/Ontario/nchang/monthly_comps/comps_Sept2019.pdf · Westlake Village Inland Empire Palm Desert Temecula Valley SFV HQ Downtown Los Angeles Orange County

Inland EmpireCompleted Leases, September 2019

Dupont Business Center710 Dupont St., Suite AOntario, CA Market/Submarket: Inland Empire WestRent PSF: $0.89Rent Type: MGCAM/NNN Charges: $0.06Lease SF: 12,830Office SF: 1,000Building SF: 50,320Year Built: 2001Term: 37Free Rent: 1TIs: $0.00DH: 2GL: 1Amps: 400Height: 26Sprinklers: YRail: NYard: -Rent Adjustments: 3% annual increasesComment: -

Airport Wineville Commerce Ctr800 S. Wineville Ave.Ontario, CA Market/Submarket: Inland Empire WestRent PSF: $0.86Rent Type: GCAM/NNN Charges: -Lease SF: 11,425Office SF: 1,230Building SF: 11,425Year Built: 2005Term: 63Free Rent: 1.5TIs: $0.00DH: 0GL: 2Amps: 400Height: 16Sprinklers: YRail: NYard: -Rent Adjustments: 2% annual increasesComment: -

16320 Slover Ave.Fontana, CA Market/Submarket: Inland Empire WestRent PSF: $1.48Rent Type: GCAM/NNN Charges: -Lease SF: 8,100Office SF: 500Building SF: 8,100Year Built: 2019Term: 120Free Rent: 2TIs: $0.00DH: 0GL: 10Amps: 600Height: 18Sprinklers: YRail: NYard: -Rent Adjustments: 3% annuall increasesComment: Auto/Truck Repair Building

5530 Brooks St.Montclair, CA

Market/Submarket: Inland Empire WestRent PSF: $0.96Rent Type: GCAM/NNN Charges: -Lease SF: 7,777Office SF: 740Building SF: 7,777Year Built: 1981Term: 37Free Rent: 6TIs: -DH: 0GL: 2Amps: 400Height: 11Sprinklers: YRail: NYard: -Rent Adjustments: 2% annual increasesComment: -

Page 6: INLAND EMPIREnaicapital.com/Ontario/nchang/monthly_comps/comps_Sept2019.pdf · Westlake Village Inland Empire Palm Desert Temecula Valley SFV HQ Downtown Los Angeles Orange County

Inland EmpireCompleted Sales, September 2019

Sycamore Business Center7350 San Gorgonio DrRiverside, CA

County: Riverside

Sale Date: 09/18/19

Sale Price: $16,680,430

Building SF: 121,390

Building Class: A

Land Area AC: 6.210

Year Built: 2017

Rev Wheels Business Park2611 Cottonwood AveRiverside, CA

County: Riverside

Sale Date: 09/23/19

Sale Price: $5,550,000

Building SF: 34,363

Building Class: A

Land Area AC: 3.340

Year Built: 2019

Mulberry Business Park10820 Mulberry AveFontana, CA

County: San Bernardino

Sale Date: 09/06/19

Sale Price: $2,914,112

Building SF: 17,933

Building Class: C

Land Area AC: 0.950

Year Built: 1989

Spur Industrial Park16701 Chestnut St.Hesperia, CA

County: San Bernardino

Sale Date: 09/16/19

Sale Price: $800,000

Building SF: 17,209

Building Class: B

Land Area AC: 1.620

Year Built: 1900

Page 7: INLAND EMPIREnaicapital.com/Ontario/nchang/monthly_comps/comps_Sept2019.pdf · Westlake Village Inland Empire Palm Desert Temecula Valley SFV HQ Downtown Los Angeles Orange County

Inland EmpireCompleted Sales, September 2019

14210 Whittram AveFontana, CA

County: San Bernardino

Sale Date: 09/17/19

Sale Price: $2,100,000

Building SF: 15,038

Building Class: C

Land Area AC: 0.760

Year Built: 1998

508 W Bateman CirCorona, CA

County: Riverside

Sale Date: 09/09/19

Sale Price: $2,700,000

Building SF: 14,380

Building Class: C

Land Area AC: 1.000

Year Built: 1977

Waterman Place Business Park255 E Drake DrSan Bernardino, CA

County: San Bernardino

Sale Date: 09/13/19

Sale Price: $1,250,000

Building SF: 12,392

Building Class: B

Land Area AC: 0.659

Year Built: 1990

3325 Shelby StOntario, CA

County: San Bernardino

Sale Date: 09/27/19

Sale Price: $2,544,000

Building SF: 9,600

Building Class: C

Land Area AC: 1.150

Year Built: 1970

Page 8: INLAND EMPIREnaicapital.com/Ontario/nchang/monthly_comps/comps_Sept2019.pdf · Westlake Village Inland Empire Palm Desert Temecula Valley SFV HQ Downtown Los Angeles Orange County

Inland EmpireCompleted Sales, September 2019

157 S. Lilac AveRialto, CA

County: San Bernardino

Sale Date: 09/24/19

Sale Price: $1,165,940

Building SF: 8,340

Building Class: C

Land Area AC: 1.000

Year Built: 1989

Madison Golden Gate Business Park26342 Madison AveLake Elsinore, CA

County: Riverside

Sale Date: 08/14/19

Sale Price: $1,700,000

Building SF: 12,000

Building Class: C

Land Area AC: 0.27

Year Built: -

Redhawk Business Park II32815 Temecula Pky STemecula, CA

County: Riverside

Sale Date: 08/14/19

Sale Price: $925,000

Building SF: 6,376

Building Class: B

Land Area AC: 0.19

Year Built: 2004

Ontario Gateway Business Center740 S Rochester Ave.Ontario, CA

County: San Bernardino

Sale Date: 09/11/19

Sale Price: $1,200,000

Building SF: 6,099

Building Class: B

Land Area AC: 1.170

Year Built: 2003

Page 9: INLAND EMPIREnaicapital.com/Ontario/nchang/monthly_comps/comps_Sept2019.pdf · Westlake Village Inland Empire Palm Desert Temecula Valley SFV HQ Downtown Los Angeles Orange County

Inland EmpireCompleted Sales, September 2019

2411 Pomona Rd.Corona, CA

County: Riverside

Sale Date: 09/19/19

Sale Price: $1,168,000

Building SF: 5,868

Building Class: B

Land Area AC: 0.200

Year Built: 1990

504 N Greco CtSan Jacinto, CA

County: Riverside

Sale Date: 09/18/19

Sale Price: $597,500

Building SF: 5,000

Building Class: B

Land Area AC: 0.560

Year Built: 2006

Acacia Grove Business Park1351 S Grove Ave, Unit 109/110Ontario, CA

County: San Bernardino

Sale Date: 09/27/19

Sale Price: $1,097,160

Building SF: 4,920

Building Class: B

Land Area AC: 1.740

Year Built: 2007

Page 10: INLAND EMPIREnaicapital.com/Ontario/nchang/monthly_comps/comps_Sept2019.pdf · Westlake Village Inland Empire Palm Desert Temecula Valley SFV HQ Downtown Los Angeles Orange County

CALIFORNIALA North

Ventura County

Westlake Village

Inland Empire

Palm Desert

Temecula Valley

SFV HQDowntown Los Angeles

Orange CountyPasadena

San Gabriel Valley EastSimi ValleySouth Bay

West Los Angeles

Victorville

Downtown Los Angeles 601 S. Figueroa St., Suite 3825 Los Angeles, CA 90017

Encino- HQ 15821 Ventura Blvd., Suite 320 Encino, CA 91436

Inland Empire 800 N. Haven Ave., Suite 400 Ontario, CA 91764

Orange County 1920 Main St., Suite 100 Irvine, CA 92614

Palm Desert 75-410 Gerald Ford Dr., Suite 200 Palm Desert, CA 92211

Pasadena 225 S. Lake Ave., Suite 1170 Pasadena, CA 91101

San Gabriel Valley East 21660 E. Copley Dr., Suite 320 Diamond Bar, CA 91765

Valencia 25060 Avenue Stanford, Suite 165 Valencia, CA 91355

Simi Valley 2655 First Street, Suite 250 Simi Valley, CA 93065

South Bay 970 W. 190th St. Dr., Suite 100 Torrance, CA 90502

Temecula Valley 27720 Jefferson Ave., Suite 330 Temecula, CA 92590

Ventura County 300 Esplanade Dr., Suite 1660 Oxnard, CA 93036

Victorville 13911 Park Avenue, Suite 206 Victorville, CA 92392

West Los Angeles 11835 W. Olympic Blvd., Suite 700E Los Angeles, CA 90064

Westlake Village 2555 Townsgate Road, Suite 320 Westlake Village, CA 91361

NAI Capital Property Management 120 1/2 South El Camino Real, Suite 210 San Clemente, CA 92672

No warranty, express or implied, is made as to the accuracy of the information contained herein. This information is submitted subject to errors, omissions, change of price, rental or other conditions, withdrawal without notice, and is subject to any special listing conditions imposed by our principals. Cooperating brokers, buyers, tenants and other parties who receive this document should not rely on it, but should use it as a starting point of analysis, and should independently confirm the accuracy of the information contained herein through a due diligence review of the books, records, files and documents that constitute reliable sources of the information described herein. Logos are for identification purposes only and September be trademarks of their respective companies. NAI Capital, Inc. Cal DRE Lic. #01990696.

Nicholas Chang, CCIM, [email protected] DRE Lic. #01344844

Richard Lee, [email protected] DRE Lic. #01757870

Justin [email protected] DRE Lic. #01966182

Sione [email protected] DRE Lic. #02006432


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