10837 Commerce WayFontana, CA 92337

  • Commercial real estate
  • 166,992 SF

Property Details for 10837 Commerce Way

Year built
1989
Construction
TILT-UP CONCRETE
Lot size
18.33 AC
Property size (Sq ft)
166,992 SF
Property type
Commercial real estate
APN
0238-091-59-0000
APU
238091590000

Description

This ±83,558 square foot industrial warehouse distribution center in Fontana, California, presents a compelling sublease opportunity. The single-tenant property boasts a strategic location, offering unparalleled access to major transportation arteries. Situated just seven miles from Ontario International Airport and within close proximity to the Metrolink (Southern California Regional Rail Authority), this facility provides seamless connectivity for efficient logistics. Its proximity to the 10, 15, and 60 freeways further enhances its logistical advantages. The warehouse itself features a substantial ±83,558 square feet of space, complemented by approximately 3,200 square feet of office space. The building benefits from a minimum 24-foot clear ceiling height, facilitating efficient storage and operations. Loading and unloading are streamlined with sixteen dock-high positions and two ground-level drive-in doors. The property is equipped with a sprinkler system (0.60/3000 – verification by subtenant is recommended). The sublease term extends until December 31, 2027. Power requirements should be verified by the prospective subtenant. This exceptional property is ideally suited for businesses seeking a well-located, spacious, and functional warehouse distribution center.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $47,137,300
    6.5%
    $43,511,300
    7%
    $40,403,400
  • Comparable approach

    Method
    Valuation
    Relative Method
    $28,313,600
    Geo Method
    $53,523,500
  • Alternative Use

    Use
    Valuation
    Industrial / Distribution
    $83,418,400
    Retail / Commercial
    $43,216,100
    Mixed-Use / Specialty
    $43,408,400
    Hospitality / Lodging
    $32,298,400
    Office
    $43,511,300
    Institutional / Educational
    $45,251,100
    Residential Income
    $52,943,800
    Multifamily
    $61,577,600
    Automotive / Energy
    $38,786,600
    Parking / Income-Based Land
    $13,042,600
    Restaurant / Food Service
    $23,316,300
    Healthcare / Senior Housing
    $44,159,300

Location Insight

City
Fontana
County
San Bernardino
State
California
Latitude
34.0574
Longitude
-117.512
CBSA code
40140
CBSA name
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$360,204
$14,127,638
$21,013,109
$35,140,747
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