CBRE, Collaborating with Matthews, are proud to offer Foothill & Vineyard (the "Property"), a ±4.41-Acre, For Sale or Multifamily Residential Development Opportunity.
Foothill and Vineyard is located in the heart of Rancho Cucamonga. It is a fully entitled, Class A, Institutional grade development situated on the Southwest Corner of Foothill Boulevard (Historic Route 66) and Vineyard Avenue. This location and property will be in high-demand as it is within walking distance to four multi-tenant retail centers. The seller welcomes proposals for a Joint Venture partnership to capitalize on this exceptional development opportunity.
The city of Rancho Cucamonga is one of the most sought-after markets in the country. It has been listed multiple times as the top 50 best places to live in the United States. The city offers a myriad of retail options, excellent schools, a plethora of employers and excellent accessibility to the greater Inland Empire and the rest of Southern California. The city boasts impressive demographics with an average household income of $132,000, which results in an impressive 23% rent to income ratio.
The property offers convenient access to the 10, 15, and 210 freeways and neighboring cities in the county—Ontario, Upland and Fontana. Foothill & Vineyard is minutes away from Rancho Cucamonga's Metrolink rail station and the Ontario International Airport. Significant local landmarks within a short distance include Victoria Gardens, Ontario Mills, Chaffey College, San Antonio Regional Hospital and the historic Thomas Winery.
The Foothill and Vineyard development project is fully entitled for 161 units and will feature three buildings that will be three stories in elevation. The
development will feature a contemporary-style exterior construction design and fully equipped unit amenities. The development is situated on two parcels of land for a total lot size of ±4.41 acres, a total of ±156,930 net residential square feet, and ±7,478 square feet of amenity space. The unit mix will encompass one-, two- and three-bedroom floor plans ranging from 680 to 1,617 square feet. Unit amenities will include central air conditioning and heating, state-of-the-art stainless-steel appliances, and balconies/patios. The common area amenities will include live/work center, fitness facility, courtyard with outdoor seating, and 332 total parking spaces, which will include EV charging stations, carport, and surface parking.
Foothill and Vineyard is a prime multifamily development opportunity that will yield a prime income-producing apartment community and a great long-term investment. The property is in an exceptional area, with underlying zoning in place, and offers stability for an institutional purchaser or seasoned private investor.
Eric Chen
CBRE, Inc.
