440 Mountain AveUpland, CA 91786

This exceptional three-story, 46,527 square foot Class B medical office building in Upland, CA presents a compelling value-add investment opportunity. Located at 440 N Mountain Ave, this single building property sits on a 1.75-acre lot and boasts a prime location at a high-traffic intersection, exceeding 30,000 cars daily. Built in 1987 and extensively renovated in 2022 (including over $1 million in improvements), the property features a new roof, modernized elevators, updated HVAC systems, a refreshed lobby, and new exterior and lobby furniture. An additional $170,000 exterior paint job was completed in November 2023. Currently 60.4% occupied with a weighted average lease term of approximately 4.6 years, this provides a stable income stream. The existing leases are approximately 21.4% below market rates, offering significant upside potential for rental income growth. Approximately 8,141 square feet of contiguous space, or 18,417 square feet total, is available for owner-occupancy. The asking price is $10,236,000, representing a price per square foot of $220 and a 3.98% capitalization rate based on a net operating income (NOI) of $407,393. This property benefits from its location in the thriving Inland Empire, a region experiencing strong economic growth and low vacancy rates. The property's accessibility to major freeways (Interstate 10) provides convenient access to Los Angeles, Orange County, and the Inland Empire, attracting and retaining top talent.