MLS® ID: WS19185537

9680 Haven Avenue

Rancho Cucamonga, California, 91730

$21,000,000 Active
  • - SQFT
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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Listing courtesy of REALTY ADVISORS INTL, INC.

Amenities

  • Full baths
    0
  • Half baths
    0
  • Zip
    91730
  • Office name
    REALTY ADVISORS INTL, INC.
  • SQFT
    0
  • Bedrooms
    0
  • Property type
    Office
  • Year built
    2007
  • Lot size
    24786.00
  • Heating
    Central
  • Tax year
    0
  • Agent name
    FRANKLIN SHEN
  • Tax amount
    $ 0.0
  • Purchase Type
    Active
  • Price Range
    $2m+
  • Square Feet Range
    < 1000 sq ft.
  • Year Built Range
    2000-2009
  • Office ID
    7470
  • Agent ID
    W77905

Location

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