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8/06/21
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Zion Enterprises purchased a 45k sf office building in Ontario for $9.115 mil ($202/sf). The property was sold by Jurupa-Haven LP.
Built in 2006, the building is located at 1500 S Haven Ave. The two-story, multi-tenant office property is strategically located within the Inland Empire’s prime Airport office submarket, immediately to the south-east of Ontario International Airport. Most of the footprint of the building is single-story, with a second story included on both wings of the structure.
The building features professional interior layouts, with a highly functional mix of private offices and interior cubicles. There is extensive customized furniture throughout the building, much of which is built-in and permanent. The property is in a central location, with easy access to the 10, 15, and 60 Freeways. At the time of the sale occupancy was stabilized at 97%, with a diverse mix of tenants.
John Bosko and Bob Bush with NAI Capital Commercial’s Investment Services Group represented the buyer in the deal. According to Bush, the sale price was estimated to be less than half of replacement cost.
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