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… Read More 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 for complying with the Brush Code requirements and clearing any overgrown brush at the property twice a year at their sole cost and expense.
Zoning on this property is UC (Utilities Corridor) which was established to accommodate flood control channels, retention and detention basins, electrical transmission corridors and landfills. The UC zoning district is consistent with, and implements, the Open Space-Nonrecreational land use designation of the Policy Plan component of The Ontario Plan. The allowable and permitted uses for the subject site are primarily various agriculture uses, utilities and telecommunications uses. Read Less
Property listed by Marcus & Millichap, Matthew Wenzel [email protected]
Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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