For Sale
$3,100,000

225 Airport DrSan Bernardino, CA 92408

Medical Office Building, San Bernardino, CA

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional value-add investment opportunity presents a two-story, 14,676 square foot medical office building situated on a 51,400 square foot lot in San Bernardino, CA. Built in 1978, the property boasts 90% occupancy across 9 tenants, including notable names such as South East College of Nursing and a Culture dispensary, reflecting a diverse tenant mix. The building features 12 units and offers a strong potential for rent increases. Currently generating a NOI of $216,700 and a 6.99% cap rate, this property is priced at $3,100,000 ($211.23/sq ft) and operates under a gross lease structure. Conveniently located near restaurants, hotels, and the I-10 and I-215 freeway interchange, this asset presents a compelling investment prospect. The seller is motivated due to a dissolving partnership and is actively reviewing reasonable offers following a recent price reduction. The property's address is 225 E Airport Dr, San Bernardino, CA 92408. This is a multi-tenant building with a strong tenant base and significant upside potential.

Highlights

  • $3,100,000 asking price for a value-add medical office investment opportunity.
  • 14,676 square feet, multi-tenant building with 9 tenants and 90% occupancy.
  • Located at 225 E Airport Dr, San Bernardino, CA 92408, near freeways and amenities.
  • Features a 6.99% cap rate and $216,700 net operating income (NOI).
  • Gross lease structure with rent bumps, and a broker co-op is available.

Property Details for 225 Airport Dr

Property type
Office properties, Medical offices
Square Feet
14,676 SF
Year Built
1978
Buildings
1
Stories
2
Units
12

Location Insight

City
San Bernardino
County
San Bernardino
State
California
Latitude
34.067076938019
Longitude
-117.28336634758
225 Airport Dr, San Bernardino, California

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225 Airport Dr
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