5624 Philadelphia StChino, CA 91710

Property Details for 5624 Philadelphia St

Year built

2023

Lot size

0.02 AC

Property type

Office properties

APN

1014-592-10-0000

APU

1014592100000

Description

This exceptional 39,749 square foot, three-story medical office building, part of the Chino Valley Medical Plaza, presents a unique investment opportunity. Unit 204 is a "white-box" suite within Building A, the second phase of a four-phase development situated on a spacious 1.97-acre lot. The building offers 30 units ranging from 927 to 1852 square feet, designed to accommodate a variety of medical practices. Current tenants include a diverse range of specialists, encompassing general and specialty medical practices, urgent care, outpatient surgery, cosmetic surgery, dentistry, ophthalmology, podiatry, chiropractic care, medical imaging, and laboratory testing. Building B, with 23 units, is completely sold out, demonstrating strong market demand. Future phases include a senior assisted living facility slated for completion by the end of 2025. Ample parking is available to meet the needs of both patients and medical professionals. This prime location offers excellent visibility and accessibility, making it an ideal investment for medical professionals seeking a modern, well-equipped space in a thriving medical community. The asking price for this specific unit is $730,000.

• CAP approach

  CAP return

  Valuation

  6%

  $478,537

  6.5%

  $441,726

  7%

  $410,174

• Comparable approach

  Method

  Valuation

  Relative Method

  $344,574

  Geo Method

  $344,574

• Alternative Use

  Use

  Valuation

  Residential

  $547,741

  Hospitality

  $501,727

  Educational

  $417,431

  Medical

  $431,787

  Retail

  $649,338

Location Insight

City

Chino

County

San Bernardino

State

California

CBSA code

40140

CBSA name

RIVERSIDE-SAN BERNARDINO-ONTARIO, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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