337 Vineyard Ave Ontario, CA 91764

Property Details for 337 Vineyard Ave

Year built

1982

Lot size

2.54 lot acres

Property size

61,056 SF

Property type

Commercial real estate

APN

0110-22-12-0000

Description

This four-story, 61,056 square foot Class B office building in Ontario, CA, presents a compelling value-add investment opportunity. Located on Vineyard Avenue, it boasts excellent freeway access (Interstate 10) and proximity to Ontario International Airport and the Ontario Convention Center. Currently 76% occupied, the multi-tenant building features a mix of tenants, with Superior Office Suites as the largest occupant, leasing space on the first and fourth floors. The weighted average lease term is 2.8 years, providing consistent cash flow. The building sits on a 2.54-acre lot and was constructed in 1982. The strong Inland Empire market, with its robust economy and population growth, makes this a particularly attractive investment. Ontario's office submarket shows low vacancy rates and high average lease rates, further enhancing the property's potential. The building's location offers convenient access to numerous amenities, providing a desirable environment for tenants. The existing lease structure, with many smaller suites, minimizes capital expenditure needs and rollover risk, while allowing for the capture of growing demand for executive suites. This property offers a rare chance to acquire a well-positioned asset with significant upside potential in a thriving market.