701 Highland Springs Avenue

  • Beaumont

  • $3,150,000
  • Acres
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Commercial Sale Details

Description & Essential
Description
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%.
Essential
MLS #EV18246701
Price Per SqFt$213.53
Sub-TypeOffice
CountyRiverside
StateCA
Area263 - Banning/Beaumont/Cherry Valley
StatusActive
Sale TypeStandard
Number Of Units12
Number Of Buildings1
Building StatusExisting
Land UseOffice,Other,Retail
Listing BrokerageREGIONCY REAL ESTATE
Listing AgentNATHAN DIONES
Listing Agent BRE #01767311
Co-Listing AgentNICOLE MUMEY
Co-Listing Agent BRE #01929389

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Based on information from California Regional Multiple Listing Service, Inc. as of Wednesday, October 10, 2018. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.