Owner-User with Rental Income Opportunity
Owner-User Opportunity with In-Place Income
Marketing 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.
Investment 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
Valuation Calculator
Valuation Metrics
Map
Zoning
Broker Selected Comps View More Comps
Property History
Similar Properties
Additional Information
Is there information that looks off?
