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Listed by: Matthew Wenzel (949) 419-3205 DRE #01198357 | Marcus & Millichap (562) 257-1200
$775,000
-- Bed
- -- Bath
3.18acres lot
0 E Francis St, Ontario, CA 91761
$775,000
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Land
Built in -
$-- HOA
3.18 acres lot
$243,711/acre
Description
The subject property is a ±3.18 acre parcel of land (APN #0238-152-02) located just southeast of the intersection of E. Francis Street and Milliken Avenue in the city of Ontario. This entire property is subject to an easement with Southern California Edison that is due to overhead high voltage transmission lines.
There is a Verizon Wireless cell site on the subject property, Verizon has been a tenant since 2004. The newest Verizon lease started on April 1, 2024 and runs for 5 years. Verizon also has three 5-year extensions. The current income from this lease is $2,575 per month ($30,900 annually) with rent increases of 3% yearly. Verizon Wireless is also responsible...
Property Details
Status
Active
Type
Land
No. of Stories
-
County
City
Neighborhood
--
Year Built
-
HOA Fees
-
Finished Area
- sqft
Lot Size
3.18 acres lot
Basement Area
- sqft
MLS Name
California Regional MLS
MLS Number
PW26014122
MLS Status
Active
Days on Market
14
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