State & Campus

Listing State & Campus Price:$7,800,000 Status:New • EXCEPTIONAL REO VALUE-ADD INDUSTRIAL OPPORUNITY • Tremendous opportunity to acquire a 193,268 SF industrial property in the highly desirable Inland Empire West market of Ontario, California. • The property is ideally positioned to target users/tenants from 40,000 SF to 193,268 SF. An investor could either lease-up the property and sell as a stabilized investment or could put a parcel map on the property and sell off the three buildings individually at significantly higher values. Selling off the buildings provides a cash IRR of 12.81% and a leveraged IRR of 96.24% with a leveraged equity multiple of almost 1.80. • 717 N State Street is ideally positioned to tenants wanting functional space at a low cost alternative to higher Class A rents with close proximity to the Ontario International Airport . Surprisingly Class C product in this size range in the Inland Empire West has outperformed Class A over the last 13 years. Currently Class C vacancy is 4.3% versus 6.6% for Class A. Class C rents are $0.08 $0.10 PSF below Class A rents.

State & Campus