615 Euclid Ave Ontario, CA 91762

This exceptional investment opportunity presents a 12,400 square foot, two-story executive office building located at 615 N Euclid Ave, Ontario, CA 91762. The property, built in 1965 and extensively renovated in 2019, boasts a striking mid-century modern design. Currently housing 17 tenants across 20 units with 100% occupancy, the building offers a strong net operating income (NOI) of $161,696, translating to a 5.05% cap rate. However, below-market rents present a significant value-add opportunity, with a pro-forma NOI of $232,829 and a projected cap rate exceeding 7.28%. The property features six on-site parking spaces and benefits from adjacency to a large public parking lot. The asking price is $3,200,000, or $160,000 per unit, and $258.06 per square foot. The 7,841 square foot lot is zoned SP. This is a net lease investment with a gross lease type. The building's strong performance, coupled with the potential for rental growth, makes it an attractive buy-and-hold investment. The property's prime location in Ontario, California, further enhances its appeal.