11070-11090 Foothill Blvd

IMPROVED PRICING TO A 6.3% 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. $7,375,978 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.