9680 Haven Avenue, Rancho Cucamonga, CA, 91730

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.

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Main Property Features

Listing Number: WS19185537

Property Type:
Other
Approx year built:
2007
Address
  • County: San Bernardino
  • Directions: 10 Freeway exit Haven, go north on Haven. Building is at NW corner of Haven and 4th Street
  • Street Zip 4: 5898
  • Property Location: San Bernardino
Stories:
3
MLS Area:
Rancho Cucamonga
Water Source:
Public
Cooling:
Has Cooling
Building Total Sq Ft:
75349
APN No:
0210391230000
Utilities:
Cable Connected,Electricity Connected,Phone Connected,Sewer Connected,Water Connected
Condition:
Existing
Roof:
Bitumen,Flat,Reflective
Park Name:
Haven Park
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Courtesy Of
FRANKLIN SHEN
REALTY ADVISORS INTL, INC.


FRANKLIN SHEN

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Property Location