7627 Cherry Ave
Fontana, CA 92336
Single Tenant Government Leased Investment · Industrial Property For Sale

NAI Capital, Inc. is please to present this unique investment opportunity to acquire a fully leased, single tenant freestanding industrial building offered at an attractive 7.72 CAP Rate. The property currently generates $793,140 gross rent per annum and operating expenses are estimated to be $155,935 per annum, for a Net Operating Income (NOI) of $637,205 per annum. This is a standard State of California lease. The term of the lease is contracted at 10 years, subject to early termination rights starting in year 5. Since 2008, the Tenant has invested over $1.5M in capital expenditures, fixtures and improvements into the facility and has committed an additional $695,000 in additional capital to support the new lease agreement. The entire building has been renovated and upgraded, including new floorings, plumbing, carpentry, paint, elevator, 2014 roofing, HVAC, electrical, LED lighting, car charging stations, parking lot areas, irrigation, landscaping and full ADA / Title 24 upgrades.