GREAT OWNER-USER OFFICE OFFERING WITHIN PALMAE BUSINESS CENTER
* ATTRACTIVE OWNER-USER OPPORTUNITY | Rare opportunity for an owner-user to acquire a high-image, 20,660 sq. ft. office building in the best office market in the United States. The property sits within the Palmae Business Center off Haven Ave in Rancho Cucamonga, minutes away from some of the city’s best amenities.
* CONTEMPORARY OFFICE SPACE | The 2-story office building is ideally situated for a single occupant, with well-designed floorplans, modern finishes, incredible natural light, and ample parking with good walkup building access.
* CLEAN BUSINESS PARK ENVIRONMENT | The property sits within the Palmae Business Center, a well-manicured, 4 building business park off Haven Avenue. The business park provides a clean, pretty and easy to navigate environment that is ideal for corporate users.
NATION’S LEADING OFFICE MARKET FUNDAMENTALS
* LOWEST OFFICE VACANCY IN U.S. | The Inland Empire boasts a vacancy rate of 8.81% (Q1 2024) and has held the lowest U.S. office vacancy rate for five straight quarters. Rancho Cucamonga has been one of the best performing larger submarkets in the IE with a Q1 vacancy rate of 8.55%.
* THRIVING ECONOMIC ACTIVITY | The Inland Empire, a region whose $213-billion economy is equal to that of the state of Utah, has been Southern California’s best-growth market for several straight years, averaging 5.2% each year, per the Federal Reserve. Additionally, the Inland Empire has quickly become one of the nation’s largest job markets as it currently has 5% more jobs today than it had prior to the pandemic.
* NO NEW OFFICE CONSTRUCTION | The Inland Empire West has nothing in the pipeline or planned for new office construction, creating even more value in the existing properties in the market.
EXCEPTIONAL PROFESSIONAL OFFICE LOCATION AND AMENITIES
* DESIRABLE OFFICE LOCATION | Located off Haven Avenue in Rancho Cucamonga, the property benefits from being on one of Rancho’s most desirable thoroughfares with immediate access to Interstate 10 Freeway, a variety of residential and retail amenities, and being a short distance to Ontario International Airport.
* RETAIL DESTINATIONS | The property has numerous retail amenities nearby including the newly built Collection retail center, Ontario Mills Mall, Haven City Market, and Victoria Gardens to name a few.
* INCREDIBLE SOCAL DEMOGRAPHICS | The property has a 5-mile population base of 312,107 people containing an average annual household income of $118,522.