615 N Euclid Ave
Ontario, CA 91762
Hensley-Torta Bldg · Office Property For Sale
INVESTMENT HIGHLIGHTS
- Great Street Frontage
- Below Market Rents with Opportunity to Increase
- Renovated in 2019
- Mid-Century Modern Architecture
- 100% Fully Occupied
EXECUTIVE SUMMARY
Amazing opportunity to purchase the architecturally Iconic Hensley-Torta Building in Ontario. This 20 unit building is fully occupied and was fully remodeled in 2019. This investment is offered with a cap rate of 5.05% with in place rents and accounts for vacancy in NOI calculations. Most tenants are on month to month contracts allowing the new owner to increase rents to market rate which pushes the proforma cap rate to over 7%. Great value add opportunity and excellent buy and hold investment for those looking for a great property to invest in. These building features mid-century modern architecture with beautiful design choices throughout.
There are 6 parking spaces directly behind the building and the property adjoins a large public parking lot which gives plenty of parking for tenants and clients.
There are 6 parking spaces directly behind the building and the property adjoins a large public parking lot which gives plenty of parking for tenants and clients.
PROPERTY FACTS
Sale Type
Investment
Property Type
Office
Property Subtype
Loft/Creative Space
Building Size
12,400 SF
Building Class
C
Year Built
1965
Price
$3,200,000
Price Per SF
$258.06
Cap Rate
5.05%
NOI
$161,600
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
6,200 SF
Slab To Slab
11’
Building FAR
1.58
Lot Size
0.18 AC
Opportunity Zone
Yes
Zoning
SP, Ontario - Office
Parking
6 Spaces (2 Spaces per 1,000 SF Leased)
AMENITIES
- Bus Line
- Signage
- Hardwood Floors
- Air Conditioning
PROPERTY TAXES
| Parcel Number | 1048-356-05 | Improvements Assessment | $664,765 |
| Land Assessment | $836,318 | Total Assessment | $1,501,083 |
