±6,200 SF Shop Space Available in Downtown Ontario
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±6,200 SF Shop Space Available For Lease
Building description
IMMEDIATE OWNER-USER OCCUPANCY- Rare opportunity to occupy ±6,200 SF in Downtown Ontario without waiting for lease expirations or tenant rollover.
FUTURE EXPANSION & VALUE-ADD POTENTIAL - The existing month-to month tenancy structure provides future flexibility to expand operations, reconfigure space, adjust rents to market levels, or reposition the property as business needs evolve.
CITY SUPPORTED DOWNTOWN REVITALIZATION- Located within Ontario's designated Downtown Revitalization
District, the property benefits from ongoing public and private investment focused on attracting businesses, improving streetscapes, and enhancing the downtown experience.
FAÇADE IMPROVEMENT GRANTS & RESTAURANT EQUIPMENT LOAN PROGRAMS - Eligible property owners may qualify for the City's Downtown Façade Improvement Program, or the City's Restaurant Equipment Loan Program. See pages 9 & 10 for details.
Building highlights
Purchase financing is available to owner-users through the Small Business Administration. Down payments are as little as 10%
If purchased with 10% down ($275,000), the monthly loan payment is estimated at $16,355/month, which equates to only $1.52/SF.
After removing principal paydown and accounting for only the interest portion of the monthly loan payment, the cost to occupy (and own) this building is approximately $1.48/SF/Month - Far less than the cost of leasing
SBA financing allows for buyers to lease up to 49% of their building, creating the opportunity to further reduce occupancy costs.
As an owner, one can benefit from the potential appreciation of the asset.
Listing Contacts
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Zoning
Property History
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Additional Information
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