299 West Foothill Blvd Upland, CA 91786

The Magnolia Centre is a 36,870-square-foot, two-story medical and professional office building located in Upland, within the Route 66 corridor. Constructed in 1987, the building is situated on a 2.16-acre parcel and features an elevator. The property includes surface and covered parking at a ratio of 4.6 per 1,000 square feet. Currently 95% occupied, the multi-tenant building offers investment opportunities with additional cell tower income. Almost 50% of the building is leased to four medical tenants, two of which are publicly traded, with an average tenure of 21 years. The property benefits from staggered lease expirations, providing stable income. The location on Foothill Boulevard within the Route 66 retail corridor experiences over 54,000 vehicle trips daily. The area has a dense population of over 380,000 and an average household income of over $115,000 within a 5-mile radius. The property is located approximately 1.5 miles from San Antonio Regional Hospital, a 370,000-square-foot acute-care facility with 363 licensed beds, and is conveniently located minutes from both the 210 and 10 Freeways. The City of Upland encourages business expansion and attracts restaurants, retail, professional services, light industrial, and manufacturing companies.