Ontario Industrial Property with Trailer
For Sale
$52,000,000
2777 E Cedar St, Ontario, CA 91761
Industrial building on 9.02 acres with extensive trailer parking.
Property Size108,642 SF
Days on Market356
Property Features for 2777 E Cedar St
General Information
Standard status
Active
Size
108,642 SF
Property subtype
Land
Building Details
Building Size
108,642 SF
Year Built
1990
Listing Agency:
Lee & Associates - Dallas/Fort Worth
(214) 906-9720
Listed By:
Tom Walrich · License #431984
(214) 906-9720
Source:
Lee-associates
Added: Sep 10, 2025
Changed: Aug 8
Last Checked: Aug 30 at 3:21PM
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 Lee & Associates - Dallas/Fort Worth
Investment Insights
Based on property information with market context.
This industrial property is located in the desirable Inland Empire West submarket. The property features a ±108,642 square foot industrial building with ±3,658 square feet of office space on a ±9.02 acre parcel of land. It includes ±97 trailer parking stalls and ±72 car parking stalls. The building is equipped with ±11 dock high doors, expandable to ±16, and ±1 ground level door. The yard area is fenced, secured, and lit. The property has 1,200 Amps of power at 277/480 Volts (verify). The building has undergone a full refurbishment. The property is located at a signalized corner and is approximately ±62 miles from Los Angeles and Long Beach, ±7 miles from Ontario International Airport, ±26 miles from San Bernardino International Airport, and ±62 miles from Los Angeles International Airport.
Key Highlights
- ±108,642 Square Foot Industrial Building**
- ±9.02 Acre Parcel of Land with Fenced, Secured and Lit Yard Area
- ±97 Trailer Parking Stalls**
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$1,626,109
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.13%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$32,522,180
$32.5M
Cap Rate 7%
$23,230,129
$23.2M
Cap Rate 9%
$18,067,878
$18.1M
Market Conditions
NOI Build-Up for 108,642 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$2.07M $19.08/SF
− Vacancy
−$159.8K −$1.47/SF
EGI
$1.91M $17.61/SF
− OpEx
−$287.0K −$2.64/SF
NOI
$1.63M $14.97/SF
Area
Ontario, CA
Vacancy
7.71%
Lease Rate
$19.08 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$32,522,180
Cap Rate 7%
$23,230,129
Cap Rate 9%
$18,067,878
Alternative Uses
Best Use
Warehouse
$23.23M
$20.33M – $27.10M
NOI $1,626,109 @ 7.0% cap · market cap 3.13%
Second Best
Industrial
$19.13M
$16.74M – $22.32M
NOI $1,339,149 @ 7.0% cap · market cap 2.58%
Theoretical Best
Specialty Retail
$28.10M
$24.59M – $32.78M
NOI $1,966,888 @ 7.0% cap · market cap 3.78%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
532
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
Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Truck terminal - Industrial building on 9.02 acres with extensive trailer parking.
Where is this truck terminal located?
The property is located at 2777 E Cedar St Ontario, CA.
What is the asking price?
The asking price for this property is $52,000,000.
What are key features of this property?
This property features: ±108,642 Square Foot Industrial Building**; ±9.02 Acre Parcel of Land with Fenced, Secured and Lit Yard Area; ±97 Trailer Parking Stalls**
