We are building The center for life and entertainment in the inland empire
the fastest growing
region in Southern California
City of Ontario investing $1.1 Billion in area surrounding the new development
America's 4th largest industrial market and socal's transportation hub
Top 10 Fastest Submarket Rent Growth in Southern California over the last 5 years
Home to 50% of California's new hires, accounting for 5% of all U.S. employment growth
1% annual population growth until 2065
2nd largest metropolitan area in CAlifornia
Lot A - mixed-use development
This offer is for lot a only.
4.83
Land acreage
384
Units
26,000
SF. net retail
28 months
Construction duration
285,000
SF. net residential
Fully entitled, plan checked, and shovel ready
ADVANTAGEOUS Land Acquisition and LEASE Terms
Purchase option starts at $5,466,500 ($14,236 per door) and can be exercised at any point during the 55-year ground lease.
$5.5m
Purchase option
$14k
per door
2.3%
Interest only loan
GROUND LEASE PAYMENTS OF $125,000 ANNUALLY ($10,417 PER MONTH) UNTIL STABILIZATION. PAYMENTS WILL BE 2% OF NOI UPON STABILIZATION.
$10k
MONTHLY LEASE PAYMENT
$27
monthly per door
2.0%
OF STABILIZED NOI
INTEGRATING WITH AN ICONIC VENUE
THE TOYOTA ARENA
Adept Ontario is adjacent to the existing Toyota Arena, an 11,000-seat, 225,000 square foot sports and entertainment complex which hosts major sporting events, concerts and shows featuring the world's most popular performers.
11,000
Seats
330+
Events per year
2.5m+
attendees per year
Ancillary Income
Lot A benefits from multiple ancillary income streams, including LED signage, kiosk space, and naming rights for the public plaza
5
LED SIGNS
41
KIOSKS
360k
PRIJECTEM MONTHY NOI
1.6 MILES FROM ONTARIO INTERNATIONAL AIRPORT
ONE OF THE FASTEST GROWING AIRPORTS IN THE U.S.
the project is not under the flight path
9th busiest airport in the U.S. for cargo, outpacing JFK, Dfw, and Oak. IT surpassED pre-pandemic passenger volume, unlike LAX, SFO, and Atl.
52%
growth in cargo volume since 2017
26%
growth in passenger volume since 2017
$18b
in economic output
27,800
jobs supported
What the City of
Ontario is saying
The city of Ontario is investing $1.1billion in surrounding area
Paul Leon
Mayor, City of Ontario
Alan Wapner
Mayor Pro Tem, City of Ontario
Michael Lorenz
Chief, Ontario PD
Ray Gayk
Chief, Ontario Fire
Michael Krouse
CEO Convention & Visitors Bureau
Atif Elkadi
CEO, ONT Airport
CITY PLANNED ENTERTAINMENT district
Adjacent to Lot A, The City of Ontario is planning a state-of-the-art entertainment district that will further amplify life in the growing region.
2,500
seat theater
30
multi-level bars
300
key hotel
About adept
Adept is a vertically integrated company with a 35-year history. We provide services in Development, Investments, Architecture, Design, Engineering, and Construction.
35
years experience
$1B
in projects completed
$1.5b
Projected project pipeline
60+
projects completed
Ontario growth in the news
