701 Highland Springs Avenue
Commercial Sale Details
Located across the street from San Gorgonio Memorial Hospital this 12 unit Medical Building is fully leased, has a state of the art camera security system, new landscaping, and a recently redone large parking lot complete with ADA compliant ramps, LED lights, and new trash enclosure. Historically high occupancy rate and tenant retention allows for ease of management. Subject property is surrounded by many new medical projects currently in development. Great term investment opportunity as a hold or possible redevelopment. Existing actual gross income is $264,420.00 and existing cap rate is 5.49%.
|Price Per SqFt||$213.53|
|Area||263 - Banning/Beaumont/Cherry Valley|
|Number Of Units||12|
|Number Of Buildings||1|
|Listing Brokerage||REGIONCY REAL ESTATE|
|Listing Agent||NATHAN DIONES|
|Listing Agent BRE #||01767311|
|Co-Listing Agent||NICOLE MUMEY|
|Co-Listing Agent BRE #||01929389|
Based on information from California Regional Multiple Listing Service, Inc. as of Wednesday, October 10, 2018.
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