225 Airport DrSan Bernardino, CA 92408

Property Details for 225 Airport Dr

Year built

1978

Property size (Sq ft)

14,676 SF

Property type

Office properties

Property subtype

Medical offices

Description

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.

Location Insight

City

San Bernardino

County

San Bernardino

State

California

Latitude

34.0671

Longitude

-117.283

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