The Small Space Marketplace

List Your Space

Find Space

Home About Us Executive Subscriber Membership RENTV Conferences Newsletter Contact Us Advertise
January 21, 2020
 Search RENTV
   Go!
 Video Programs
 News
News Home Page
Southern California
Northern California
Pacific Northwest
Texas/Southwest
Retail
Multifamily
Financing
Prop. Management
Archives
Press Releases
 R. E. Marketplace
Service Providers
JobWorks
Property Spotlight
 RENTV  Conferences
Subscriber Login:
  
Email      
    Go!
Password      
Forgot Password?



HOME PAGE NEWS
Printer-friendly Version   Email an Associate
Renovation of Rancho Cucamonga Building Creates Modern, Two-Story Office Space

1/13/20

An office property located at 9494 Haven in the city of Rancho Cucamonga has undergone an extensive renovation that has transformed what was a single-story, 32k sf building, originally constructed in 2004, into a modern, 61k sf two-story office campus.

9494 Haven fronts Haven Ave, recognized as the main north/south artery in Ontario/Rancho Cucamonga, offering a strong identity and signage opportunity for prospective tenants. The property also provides a +6:1000 parking ratio.

Along with the addition of the second floor, the owner is modernizing 9494 Haven’s building exterior, creating a separate identity and curb appeal for the new office space. The exterior renovations include window cutouts to encourage greater natural light throughout, wood paneling, a glass curtain wall lobby and additional high-end finishes. All renovations are scheduled for completion in February 2020.

According to Newmark Knight Frank’s Drew Sanden, who, along with NKF colleagues Taylor Ing and Scott Maples, represent 9494 Haven, the property represents the largest contiguous block of space now available in the Rancho Cucamonga/Ontario submarket.

“9494 Haven will be one of the only truly modern campuses in the area. This property comes to market at an opportune time as market fundamentals continue to improve and demand for well-branded campus-style locations is strong,” said Sanden.

According to NKF 4Q 2019 Inland Empire Office Market Report, vacancy is now at 8.8% in the region and has remained below 10% for nine straight quarters. Although speculative construction is occurring, it is nominal and new construction is minimal; most tenants are renewing, and rent growth is becoming more pronounced. Overall, the story for the Inland Empire remains one of affordable housing relative to Southern California’s coastal communities, which favors ongoing population growth, supporting office space demand from government, legal service firms and trade schools.

“The lack of large blocks of available office space in the Inland Empire is another aspect that supports the value of this renovation. The west region only has four vacancies over 30k sf, including 9494 Haven. All the available spaces are second generation except for 9494 Haven which is in shell condition.” Sanden added.





Return to the previous page


 


 


 


 
 



Home | About Us | Newsletter | Contact Us | Executive Subscriber Membership | Executive Subscriber Home | Advertise
Southern California | Northern California | Pacific Northwest | Southwest | Retail | Multifamily | Financing | Property Management
Archives | Press Releases | Service Providers | JobWorks | Property Listings

Copyright © 2020 by RENTV, All Rights Reserved
Website designed by Regency Web Services, Inc. and powered by Lightning Media