2311 E Locust Court Ontario, CA ^$ 8,500,000

2311 E Locust Court

^$ 8,500,000

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Recently Listed

2311 E Locust Court

Ontario, CA, 91761

^$ 8,500,000

Studio Baths0.0 Sq 30,450

Monthly Estimate*

^$ 59,375

Listed by MGR REAL ESTATE, INC.

2311 E Locust Court, Ontario, CA 91761 - Image 1

2311 E Locust Court, Ontario, CA 91761 - Image 2

2311 E Locust Court, Ontario, CA 91761 - Image 3

2311 E Locust Court, Ontario, CA 91761 - Image 4

2311 E Locust Court, Ontario, CA 91761 - Image 5

2311 E Locust Court, Ontario, CA 91761 - Image 6

2311 E Locust Court, Ontario, CA 91761 - Image 7

2311 E Locust Court, Ontario, CA 91761 - Image 8

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Studio

Commercial Property for sale in Ontario, CA

for $8,500,000. This 30,450 square foot building was built in 1991 on a lot size of 1.56.

Prime industrial investment or owner user opportunity with 30,450 square feet and 24 ft clearance height. Current owner would like to lease back at $1.38 per square feet NNN. With ample storage and office space this property could easily be divided into two spaces.

Commercial Active

Price

^$ 8,500,000

Bedrooms

Studio

Property Type

Commercial

Taxes

^$ 0

Style

Industrial

Lot Size

1.56

Year Built

1991

Town/City

Ontario

County/Region

San Bernardino

MLS | Web ID

CV24092269

Days on Market

Features

Exterior

Lot Features Item01UnitAcre

Water Source Public

Lot Size Area 67953.0

Spa N

Building Area Total 30450.0

Lot Size Acres 1.56

Lot Size Units SquareFeet

Lot Size Source Assessor

Crops Included Y/N N

Open Parking Y/N N

Horse Y/N N

Irrigation Water Rights Y/N N

General

Year Built 1991

Property SubType Industrial

County San Bernardino

Net Operating Income 505731.0

Insurance Expense 12000.0

New Construction N

Property Type CommercialSale

HOA / Comm Assn N

Attached Garage N

Garage Y/N N

Special Listing Conditions Standard

Status Active

Directions Off Mission Blvd

City Ontario

View Y/N N

Senior Community Y/N N

MLS Area 686 - Ontario

Lot Size Square Feet 67953.0

Private Pool N

Waterfront Y/N N

Carport Y/N N

Street Name Locust

Property Attached Y/N N

Land Lease Y/N N

Home Warranty Y/N N

Lease Renewal Y/N N

Additional Parcels Y/N N

Lease Considered Y/N N

Rent Control Y/N N

Virtual Tour https://my.matterport.com/show/?m=3bvsRviBbdf https://my.matterport.com/show/?m=3bvsRviBbdf

Days on Market 0

Building Area Units SquareFeet

Standard Status Active

Occupancy Type Owner

Year Built Source Assessor

Property Sub Type Additional Industrial

Cap Rate 5.95

Interior

Total Stories 2

Basement (Y/N) N

Air Conditioning Y/N N

Heating Y/N N

Fireplace Y/N N

Street Suffix Court

Laundry Features None

Entry Level 1

Electric On Property Y/N N

Internal Only

Street Number 1 2311

* Excluded Features

List By

Mgr Real Estate, Inc.

Broker

(909) 981-4466

Phone

Affordability Calculator

$59,375

Per Month

Monthly Principal & Interest: $59,375
Monthly Property Taxes: --
Monthly Home Insurance: --

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Down Payment

Loan Term

Interest Rate

Yearly Property Taxes

Yearly Home Insurance

Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Commerical listings in Ontario, CA

Average List Price ^$2,488,002

Percent of Sale Price 71%

About Ontario, CA

176,325 Population

12% Since 2002

^$56,171 Median Income

33.09 Median Age

41% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

273443 Elementary School

272636 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
5/8/2024	$8,500,000		Listed Price

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2311 E Locust Court, Ontario, CA, 91761 is a Commercial Property for sale at $8,500,000 with 30,450 sqft and a lot size of 1.56. 2311 E Locust Court is a studio with 0.0 baths and was built in 1991. The property's zip code is 91761 which is in Ontario, CA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Listing data provided courtesy of the Internet Data Exchange Program of the California Regional Multiple Listing Service, Inc..

Based on information from California Regional Multiple Listing Service, Inc. as of 5/19/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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2311 E Locust Court

Commercial Property for sale in Ontario, CA

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