Colony Commerce Center - Buildings 1 - 5 - 2510 East Merrill Avenue, Ontario, CA

Property Type Industrial - Warehouse/Distribution
Property Size 299,240 SF
Lot Size 13.66 Acre
Parking Spaces Avail. 248
Parking Ratio 0.83/ 1,000 SF
Property Tenancy Multi-Tenant
LEED Proposed
Building Class A
Year Built 2020

City Ontario, CA
Zip Code 91762
Market Inland Empire

Contacts

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Owner

True Owner
Registered Owner

Tenants

Suite Name	Tenant	Leased Space	Rent Price	Lease Type	Space Type	Lease Term
370 17th Street #5500	MERRILL, (303) 446-5500	23,824 SF	$23/SF/YR	Modified Gross	General Office	11/01/2014- N/A
370 17th Street #6000	Morrison & Foerster, (303) 592-1500	10,710 SF	$26/SF/YR	Full Service	General Office	08/01/2013- 07/31/2023

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Documents

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Sales

Purchase Price
Arm's Length True
Buyer Name

Market Trends

Average Actual Rents in Ontario

Average rents use actual signed leases, aggregated for your specific search area and asset type with Yardi Market Insight. Be confident your price is competitive, with CommercialEdge.

Current Average Rent

Net Rent

$44.3/SF/YR

Recoverables Show detailsHide details

$16.7/SF/YR

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Occupancy & Leasing Activity

Occupancy

83.5%

Lease Spread

-20.5%

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Asking Rents in Ontario Office Market

Office rental rates are based on aggregated data of asking rates.

2020 Avg. Asking Rent $26.56
2020 Office Vacancy Rate 7.98%
2020 Office Completions (SF)

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Tax

Property Tax in 2021-2022 $306,737
Market Value* $28,718,005
Assessed Value $28,718,005

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*The displayed market value represents the assessed value determined by the appropriate local tax/financial authority. It is not the property’s latest sale price or a current market value based on recent area sales.

Frequently Asked Questions

What is the total square footage of Colony Commerce Center - Buildings 1 - 5?

Colony Commerce Center - Buildings 1 - 5 totals 299,240 square feet.

When was this property built?

Colony Commerce Center - Buildings 1 - 5 was built in 2020.

What is the property tax for Colony Commerce Center - Buildings 1 - 5?

The property tax for Colony Commerce Center - Buildings 1 - 5 in 2021-2022 was $306,737.

What is the market value for Colony Commerce Center - Buildings 1 - 5?

The market value* for Colony Commerce Center - Buildings 1 - 5 in 2021-2022 was $28,718,005.
*This represents the market value determined by the appropriate local tax/financial authority, and not the latest sale price or current market value based on recent sales.

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