6.18 % Cap Rate - $284,481 NOI - Long-term Tenants - Stable and Professional Tenant Base Multi-Tenant Office Building with Low Landlord Responsibility and over 6% cap rate. First time on the market - rare opportunity to acquire the largest contiguous ownership in the El Central Plaza. The El Central Plaza is a professional business park with prominent access from Central Avenue near the CA-60 freeway. The property offers 19 units generating high rental income with well-structured leases for each tenant, including annual rent escalations. Easy to lease - the office sizes range from 400 to 2,000 s.f. ideal for any big or small business; most offices have water access and restrooms inside the units, a high parking ratio and zoning helps to accommodate a wide variety of Tenant uses. Plus, there is an elevator to access the second floor, making the second floor just as convenient to rent out. Easy to manage - all Tenants maintain their suites, and most common areas are maintained by the El Central Plaza association including the trash and parking lot upkeep. Well-structured and easy-to-follow leases also help reduce management burden.
| MLS # | IV26197304 |
|---|---|
| Listing Type | For Sale |
| Style | Office |
| Sub-Type | Resale |
| Status | Active |
| Days On Site | 49 |
| Listing Provided By | Acreage Real Estate | GURJEET BHATIA |
| SQ Feet | 16,800 |
|---|---|
| Story(s) | 2 |
| Units | 19 |
| Building(s) | 5 |
| Zoning | CG |
| Acreage | 0.47 |
| Cooling | Central Air |
|---|---|
| Heating | Central |
| Heating Yes / No | Yes |
| Cooling Yes / No | Yes |
| Roof | Flat |
|---|---|
| Lot Features | Paved, Walkstreet |
| Fencing | None |
| Utilities | Electricity Connected, Sewer Connected, Water Connected |
|---|
| State | CA |
|---|---|
| County | San Bernardino |
| City | Chino |
| Zip Code | 91710 |
| Area | 681 Chino |
| Listing VS Median (in 91710) | |
Price: $4,599,000 low | high Med: $719,000 sqft: 16,800 low | high Med: 2,066 $ / sqft: $274 low | high Med: $348 On site: 49 low | high Med: 47 | |
| State | CA |
|---|---|
| County | San Bernardino |
| City | Chino |
| Zip Code | 91710 |
| Area | 681 Chino |
| Listing VS Median (in 91710) | |
Price: $4,599,000 low | high Med: $719,000 sqft: 16,800 low | high Med: 2,066 $ / sqft: $274 low | high Med: $348 On site: 49 low | high Med: 47 | |