±8,400 SF industrial owner-user/investment opportunity

Address: 5091 Brooks Street, Montclair (San Bernardino County), CA 

Price: Best Offer

Lot: ±.41 acres (incl. common area interest)

Building: ±8,400 square feet

Walseth Investment Company is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a .33 acre parcel with a ±8,400  square foot industrial building leased to Baldy’s Classic Cars. The lease resets to FMV on Jan 1, 2025.

This  ±14,505  square  foot  (.33  acre)  property  with  approximately 8,400  square feet of well-maintained building space is leased to Baldy’s Classic Cars  on  an absolute NNN  basis.  The lease has one (1) 3-year and one (1) 2-year option remaining. At FMV reset at the beginning of each option, if Tenant and Landlord cannot agree on FMV rate, the lease may be terminated by Landlord. The last option expires on Dec 31, 2029. 

This site is 6.3 miles (14 min) from Ontario International Airport. The Ontario International Airport is the fastest growing airport in the United States and ranks among the 10 largest cargo airports in North America. According to a recent analysis by Oxford Economics, the Ontario International Airport serves as the hub of a global supply chain network that generates $17.8 billion in economic activity.

The property is approximately 2 miles from Interstate 10 and approximately 2.5 miles from CA Route 60. US Interstate 10 (I-10) is a critically important highway for the industrial sector in the United States. Spanning over 2,400 miles from the Pacific Coast in California to the Atlantic Coast in Florida, I-10 serves as a major transportation artery that connects various regions and facilitates the movement of goods, materials, and people. CA Route 60 serves as a vital transportation corridor, linking major industrial hubs in Los Angeles County, including the cities of Los Angeles, Commerce, and Industry, with the booming industrial centers of the Inland Empire, such as Ontario, Riverside, and San Bernardino.

The property is located in San Bernardino County, CA, which has a population  of 2,225,586 people with an average annual household income of $60,409.  The  3-mile  trade  area  is  supported  by  a  population  of    212,177  residents,  63,864  employees,  and  has  a median  annual  household income of  $64,344.