ONTARIO, CA – Southern California’s leading real estate firm, MGR Real Estate secures yet another piece of highly desired commercial real estate. One Waterside Center was acquired by MGR for $38,600,000.
Waterside Center is a Class-A office campus, comprised of two buildings, totaling 91,535 square feet, sitting on 6.54 acres with an ample 4/1,000 square feet parking ratio. The building is ideally situated by Interstates 15 and 10, just mere blocks away from Ontario International Airport in the coveted Airport Area submarket.
In recent years, Ontario has become one of the fastest growing population centers in the United States and Michael Rademaker (MGR’s Founder & CEO) has become one of the leaders in acquiring and professionally managing commercial real estate in the Inland Empire. Waterside Center marks yet another asset to Mr. Rademaker’s already considerable portfolio of commercial real estate properties in Southern California.
The Greater Inland Empire continues to be a region of advancement and economic improvement. Waterside Center itself is located in one of the tightest office markets in Southern California, poised for sustained, organic growth.
“MGR is proud to continue its ongoing expansion of its Inland Empire office portfolio with this new acquisition. As a resident of the Inland Empire community, it’s always exciting to be a part of helping diversify this region’s economy.” Says Rademaker.
In addition, Waterside Center is surrounded by Ontario amenity bases, including the Ontario Mills Mall, Victoria Gardens and numerous surrounding restaurants, banks, and retail stores. The Toyota Arena and Ontario Convention Center are other notable amenities located just minutes from the building.