Industrial
2350 S Milliken Ave., Ontario, CA 91761
For Sale
Contact for pricing
An industrial facility is offered for sale in Ontario, California.
Property Size71,091 SF
Price / SF$298
Days on Market39
Property Features for 2350 S Milliken Ave.
General Information
Standard status
Size
Property subtype
Listing Agency:
DAUM Commercial Real Estate Services Ontario
Listed By:
Ken Andersen · License CA #00902084
(909) 912-0002
Source:
Crexi
Added: Oct 2
Changed: Nov 8
Last Checked: Nov 8 at 4:54PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of DAUM Commercial Real Estate Services Ontario
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
The property is an industrial building with approximately 71,091 square feet of space. It is located at 2350 S. Milliken Ave. in Ontario, California.
Key Highlights
- Approximately 71,091 SF of industrial building space
- Located at 2350 S. Milliken Ave. in Ontario, CA 91761
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$876,286
Cap Rate
4.14%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$17,525,720
$17.5M
Cap Rate 7%
$12,518,371
$12.5M
Cap Rate 9%
$9,736,511
$9.7M
Market Conditions
NOI Build-Up for 71,091 SF
Gross rent
$1.36M $19.08/SF
− Vacancy
−$104.6K −$1.47/SF
EGI
$1.25M $17.61/SF
− OpEx
−$375.6K −$5.28/SF
NOI
$876.3K $12.33/SF
Area
Ontario, CA
Vacancy
7.71%
Lease Rate
$19.08 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$17,525,720
Cap Rate 7%
$12,518,371
Cap Rate 9%
$9,736,511
Alternative Uses
Best Use
Industrial
$12.52M
$10.95M – $14.60M
NOI $876,286 @ 7.0% cap · market cap 4.14%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$18.39M
$16.09M – $21.45M
NOI $1,287,054 @ 7.0% cap · market cap 6.08%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
146
Businesses Nearby
Explore this area
Business Placement
Demographics for 91761, CA
60,306
Population
18,309
Households
3.3
Avg Household Size
35
Median Age
21%
College-Educated
81%
High-School Grad
28.5 sq mi
ZIP Area
2,116
Density / Sq Mi
$97,396
Median Household Income
$44,493
Median Earnings
$2,015
Median Rent
$590,000
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Properties on Market for Industrial properties in Ontario
Vacancy Rate% for Industrial in West region
Frequently Asked Questions
What type of property is this?
Industrial property - An industrial facility is offered for sale in Ontario, California.
Where is this industrial property located?
The property is located at 2350 S Milliken Ave. Ontario, CA.
What is the asking price?
The asking price for this property is $21,185,118.
What are key features of this property?
This property features: Approximately 71,091 SF of industrial building space; Located at 2350 S. Milliken Ave. in Ontario, CA 91761
