225 Airport DrSan Bernardino, CA 92408

Property Details for 225 Airport Dr

Year built

1978

Property size (Sq ft)

14,676 SF

Property type

Healthcare properties

Property subtype

Other office properties

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

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].