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Bldg 1 2180 Hellman Ave 12,611 SF Industrial Building Ontario, CA 91761 $4,161,630 ($330/SF) 5% Cap Rate



Executive Summary
RJ Realty is pleased to present for sale 2180 S Hellman Avenue, a 12,611 SF industrial/warehouse building located on a premium corner lot at the intersection of S Hellman Avenue and Philadelphia Street in Ontario, California. The property is 100% leased on a NNN basis to Appliance Connections LLC, with the current lease running through November 30, 2028 — approximately 32 months of remaining term.
The lease is structured under the AIR CRE Standard Industrial/Commercial Single-Tenant form with a Fixed
Rental Adjustment (4% annual escalation) and NNN pass-throughs covering all taxes, insurance, HVAC, and
maintenance.
Current base rent of $17,050/month ($1.3520/SF) is above the prevailing IE West market range
of $1.18–$1.32/SF, providing an investor with above-market income and built-in rent growth through expiry.
The building features 17-foot minimum clear height, dual loading access (dock-high and grade-level doors),
a private fenced yard, sprinkler system, and skylights throughout. The rare corner lot configuration provides
superior visibility, dual street access, and operational flexibility across a wide range of industrial uses.
Strategically positioned minutes from the I-60 Freeway via the Vineyard and Archibald exits, the property
offers direct access to Southern California's regional distribution network. Ontario Airport (ONT) is
approximately 10 minutes away.
Offered at $4,161,630 ($330/SF) — representing approximately a 5% Year 1 cap rate on current in-place
rent, escalating to 5.11% in December 2026 and 5.31% in December 2027 per the lease's fixed rent schedule.
The lease is structured under the AIR CRE Standard Industrial/Commercial Single-Tenant form with a Fixed
Rental Adjustment (4% annual escalation) and NNN pass-throughs covering all taxes, insurance, HVAC, and
maintenance.
Current base rent of $17,050/month ($1.3520/SF) is above the prevailing IE West market range
of $1.18–$1.32/SF, providing an investor with above-market income and built-in rent growth through expiry.
The building features 17-foot minimum clear height, dual loading access (dock-high and grade-level doors),
a private fenced yard, sprinkler system, and skylights throughout. The rare corner lot configuration provides
superior visibility, dual street access, and operational flexibility across a wide range of industrial uses.
Strategically positioned minutes from the I-60 Freeway via the Vineyard and Archibald exits, the property
offers direct access to Southern California's regional distribution network. Ontario Airport (ONT) is
approximately 10 minutes away.
Offered at $4,161,630 ($330/SF) — representing approximately a 5% Year 1 cap rate on current in-place
rent, escalating to 5.11% in December 2026 and 5.31% in December 2027 per the lease's fixed rent schedule.
Property Facts
| Price | $4,161,630 | Rentable Building Area | 12,611 SF |
| Price Per SF | $330 | No. Stories | 1 |
| Sale Type | Investment NNN | Year Built | 1987 |
| Cap Rate | 5% | Tenancy | Single |
| Sale Condition | 1031 Exchange | Parking Ratio | 0.95/1,000 SF |
| Property Type | Industrial | Clear Ceiling Height | 17’ |
| Property Subtype | Warehouse | No. Dock-High Doors/Loading | 1 |
| Building Class | B | No. Drive In / Grade-Level Doors | 1 |
| Lot Size | 0.50 AC | ||
| Zoning | M1 | ||
| Price | $4,161,630 |
| Price Per SF | $330 |
| Sale Type | Investment NNN |
| Cap Rate | 5% |
| Sale Condition | 1031 Exchange |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | B |
| Lot Size | 0.50 AC |
| Rentable Building Area | 12,611 SF |
| No. Stories | 1 |
| Year Built | 1987 |
| Tenancy | Single |
| Parking Ratio | 0.95/1,000 SF |
| Clear Ceiling Height | 17’ |
| No. Dock-High Doors/Loading | 1 |
| No. Drive In / Grade-Level Doors | 1 |
| Zoning | M1 |
1 1
Fairly walkable
40/100
Exceptionally drivable
100/100
Minimal public transit
10/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 0113-491-41 | Improvements Assessment | $2,440,218 |
| Land Assessment | $811,824 | Total Assessment | $3,252,042 |
Property Taxes
Parcel Number
0113-491-41
Land Assessment
$811,824
Improvements Assessment
$2,440,218
Total Assessment
$3,252,042
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Bldg 1 | 2180 Hellman Ave
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