$1,790,000
Medical Office / Professional Center INVESTMENT FOR SALE. Comprised of 2 building (built in 1982 and 2008), totaling ±7,478 SF on ±0.51 AC site, with 4 total units, the property is located directly behind Providence St. Mary Medical Center (213 beds, 1,750+ caregivers, 300 physicians on-site). The Class B medical office subject boasts 36 surface parking stalls, and is zoned for Office Professional (medical, dental, or professional services use). It is one block from Highway 18 and a 5-min drive from the I-15 freeway. The Site has been well-maintained by the same owner since 2004. All current tenants are long-term net lease tenants. The area is a medical-centric hub for the Town of Apple Valley, with numerous medical, office, professional, and retail in walking distance as well as great residential neighborhoods home to doctors and other professionals residing in the High Desert. With 46,700+ vehicles per day passing on Highway 18 nearby and easy access to retail services such as Starbucks and Jersey Mike’s, the asset captures strong healthcare-focused footfall and makes leasing adjacent to the hospital exceptionally attractive. In fact, Apple Valley sits at the heart of the Inland Empire as San Bernardino County’s 11th-largest municipality (75K residents). Owning a tenant-occupied (Net) medical building will create dependable cash flow, operating expense pass-through, long-term lease stability (medical practices rarely relocate), and rare upside via rent step-ups/recapitalization. Take advantage of a property positioned to produce steady returns for years to come. Ideal for a 1031 exchange buyer or regional investor looking for income with organic growth opportunities. DO NOT DISTURB CURRENT TENANTS. Reach out for more information to schedule a tour.
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Listed by Tony Scafidi with Rigel Capital (760) 813-3777
Property Type
Office
Status
Active
MLS Number
HD25174592
Year Built
N/A
Lot Size
0.51 acres