Offering Memorandum Use RE/MAX Commercial | BRE: 01908825 · WHY REMAX COMMERCIAL - A BETTER WAY...

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Highland & San Bernardino Area | Industrial 26383 Baseline St, Highland, CA 92346

Offering Memorandum

RE/MAX Commercial | BRE: 01908825

790 Ferrari Ln., Ontario CA 91764 | T 951.878.8995 | F 909.989.0288

www.50SqFt.com

Fontana & Rialto Area | Retail / Mix - Use 17904 & 17914 Foothill Blvd., Fontana CA

Patrick has worked in Southern California real estate for thirty years. The

experience in all those years is valuable in any transaction he is involved

with.

Patrick started his career in the residential real estate industry with a lo-cal

Century 21 firm while also attending Cal Poly Pomona. It was quickly evident

after becoming a top producing agent with residential sales his skills would

be better utilized helping commercial real estate owners achieve their goals.

Patrick expanded his career in the commercial real estate market in 2000.

Patrick has found his greatest interest working with industrial properties.

Patrick is always helping his client’s property value increase by utilizing his

expertise in leasing and management. Leasing, buying or selling real estate is

simple as long as you listen to the client and understand what is their ulti-

mate goal.

PATRICK ARBALLO

Commercial Associate

Lic. 00963124

T 951.878.8995

[email protected]

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26383 Baseline St, Highland, CA 92346

Offering Memorandum

17904 & 17914 Foothill Blvd., Fontana CA

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• RE/MAX Commercial closes more than $11.1 Billion in total com-

mercial volume from over 25,000 transactions annually.*

• More than 3,000 RE/MAX Commercial Brokers work in more than

50 countries and territories.

• The RE/MAX network includes more than 550 Commercial officers

and divisions.

• 26,062 SIDES in total number of sides globally.

WHY REMAX COMMERCIAL - A BETTER WAY

RE/MAX Commercial, part of the world’s most productive real estate network, is a leader in the commercial and investment arenas. Whatever the property and whatever the transaction, RE/MAX Commercial delivers a level of awareness, trust and confidence that competitors simply can’t match. RE/MAX Commercial Brokers have access to the industry’s top training system, corporate support services and a powerful referral network – more than 110,000 Sales Associates. And a presence in over 100 countries and territories.

What does this mean for you? A better way in Commercial Real Estate. Tell us what you need, and we’ll get it done. With a combined experience of more than 40-years of professionalism and customer focus, we understand the long-term value of every transaction, large or small. Work with us once and you’ll realize the competitive advantages we bring to the table.

RE/MAX has become one of the most dynamic names in the

commercial sector. We’re constantly building market share, and there’s

a very good reason for that. We get unparalleled results for our clients

– clients just like you.

Our mission is to deliver superior results for stakeholders

by:

• Putting the client first – Always.

• Collaborating across markets and service lines.

• Thinking innovatively, but acting practically.

• Providing a rewarding work environment.

Whether it is a local, national or global assignment,

RE/MAX applies insight, experience, intelligence, and

resources to help clients make informed real estate

decisions. RE/MAX’s strengths, which are applied to every

transaction towards client relationships, include:

• An intimate knowledge of virtually every major market in the world

• Intellectual capital and technology resources that develop and deliver superior analytical, research and client services tools to its professionals

• A proven track record of meeting diverse client needs

• Leadership positions in all service lines

• An organizational structure that harnesses the firm’s collective expertise


Offering Memorandum


17904 Foothill Blvd

Laurel Street

PRICE $499,000 LOT SIZE 5,000 +/- SF

CAP RATE 5.4% APN 0243-121-25-0000

GRM 15.3 UNITS 3

PRICE / SF $357/ SF BUILDING SIZE 1,470 +/- SF

YEAR BUILT 1930 ZONING C2 - General Comm. /

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THE OFFERING

INVESTMENT SUMMARY

RE/MAX 2000 - Commercial, Patrick Arballo are pleased to present investors and

owner users with the unique opportunity to purchase two multi-tenant mixed use

parcels in Fontana CA. Built in 1930 / 1938 each project is occupied by three

tenants. These property have a mix of retail and residential tenants. Now

available for sale these retail/residential parcels will be perfect for an investor or

owner-user.


Offering Memorandum


Foothill Blvd

17904 17914

PRICE $500,000 LOT SIZE 6,800 +/- SF

CAP RATE 4.5% APN 0243-121-24-0000

GRM 19.3 UNITS 3

PRICE / SF $322/ SF BUILDING SIZE 1,632 +/- SF

YEAR BUILT 1938

17914 Foothill Blvd

17914 TOTAL Actual Pro Forma

Tax Preparation 1 $9,600 / m MG

$25,800, for all 3

units.

Insurance Broker 1 $9,6,00 / m MG

1-BR Apt. 1 $13,200 / m MG

Gross Income $32,400

Expenses ($700) ($700)

Taxes ($2,795) ($6,250)

NOI $22,300 $25,450

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Unit Mix

17904 TOTAL Actual PRO FORMA

Barber 1 $12,000 / m MG $8,100

Auto Accessories 1 $12,600 / m MG $12,600

1-BR Apt. 1 $13,200 / m MG $12,000

Gross Income $32,700 $37,800

Expenses ($2,975) ($2,975)

Taxes ($2,795) ($6,250)

NOI $26,930 $28,575


Offering Memorandum


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PROPERTY FEATURES


• Great investor opportunity

• Located on busy Foothill Blvd / Route 66 in Fontana

• High demand mix-use retail and residential property

• Close proximity to 10 and 210 freeways

• SBA financing available

• Opportunity for a live/work set up

• Multiple tenants reduce the vacancy risk factor

Offering Memorandum


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AREA DESCRIPTION


A Brief History of Fontana Founded in 1913, Fontana is the second largest city in San Bernardino County, and the 20th largest in the State. Fontana transformed from a once rural farming community of the early 1900s to a bustling manufactur-ing center, thanks to Henry J. Kaiser’s steel mill opera-tions during World War II. His legacy lives on at the Fontana Kaiser Permanente Facility, which now em-ploys more than 5,000 people. Investing in the Future Industrial and trucking-based industries continue to prosper in Fontana, due to the City’s location at the crossroads of major trade routes (Interstates 10, 15, and 210) and the presence of the Union Pacific Rail-road. The City is also home to many large retailers and small businesses. The Fontana Metrolink station pro-vides a low-stress commuting option for residents work-ing in the Los Angeles metropolitan area.

Five school districts serve Fontana’s children, offering a variety of educational opportunities. Chaffey Community College and Westech College also maintain campuses for approximately 5,000 students in the core of Fontana, offering a multitude of general education and career ad-vancement courses. Fontana Continues to Grow Today, more than 210,000 people call the City of Fon-tana home. Fontana’s low crime rate, affordable hous-ing, diversity, and below average unemployment rate has made the city one of the fastest growing in Califor-nia and a trendsetter in San Bernardino County.

Despite the city’s rapid growth, Fontana still maintains a hometown at-mosphere. Temperate southern California weather allows the City to host festivals, parades and walks/races throughout the year (including the Fontana Days Half Marathon, considered the fastest half-marathon course in the world).

Fontana is particularly proud of its numerous cultural, sporting, and rec-reational opportunities, including those offered by Center Stage Theater, the Art Depot, the Auto Club Speedway, 59 sports fields, 36 parks, Pa-cific Electric Trail, highly acclaimed sports and recreation facilities, and the state-of-the-art Lewis Library and Technology Center. The Center is an iconic landmark within the City - offering the largest collection and li-brary space in all of San Bernardino County, as well as hundreds of computer work stations, a career center, literacy center, homework clubs and tutoring, meeting rooms, and a large auditorium.In 2008,

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BROKER OPINION OF VALUE



Copyright 2018 RE/MAX 2000 - COMMERCIAL

This is a market analysis, not an appraisal and was prepared by a licensed real estate broker or associate broker, not a li-censed appraiser. In making any decisions that rely upon this broker opinion of value or broker’s price opinion by RE/MAX 2000 - COMMERCIAL (RE/MAX), you should know that the guidelines for development of an appraisal or analysis con-tained in the Uniform Standards of Professional Appraisal Practice have not been incorporated.

This broker opinion of value or broker’s price opinion of Sub-ject Property, prepared for Ownership is based upon infor-mation obtained from Ownership and/or others and is for their use. While we do not doubt its accuracy, we have not verified the information and make no guarantee, warranty or representation about it.

This letter/proposal is intended solely as a preliminary expres-sion of general intentions and is to be used for discussion pur-poses only. The parties intend that neither shall have any con-tractual obligations to the other with respect to the matters referred herein unless and until a definitive agreement has been fully executed and delivered by the parties. The parties agree that this letter/ proposal is not intended to create any agreement or obligation by either party to negotiate a defini-tive lease/purchase and sale agreement and imposes no duty whatsoever on either party to continue negotiations, including without limitation any obligation to negotiate in good faith or in any way other than at arm’s length. Prior to delivery of a definitive executed agreement, and without any liability to the other party, either party may (1) propose different terms from those summarized herein, (2) enter into negotiations with oth-er parties and/or (3) unilaterally terminate all negotiations with the other party hereto.

FOR MORE INFORMATION AND TO COORDINATE A TOUR OF THE PROPERTY, PLEASE CONTACT PATRICK ARBALLO.

PATRICK ARBALLO

Broker Associate

Lic. 00963124

T 951.878.8995

[email protected]

RE/MAX 2000 - COMMERCIAL

Broker License: 01903052

790 Ferrari Ln

Ontario CA 91764

T 909.294.2592

F 909.989.0288

BROKER OPINION OF VALUE


Offering Memorandum Use RE/MAX Commercial | BRE: 01908825 · WHY REMAX COMMERCIAL - A BETTER WAY...

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