2140 Grand AveChino Hills, CA 91709

Property Details for 2140 Grand Ave

Lot size

2.04 AC

Property size (Sq ft)

40,041 SF

Property type

Healthcare properties

Property subtype

Other office properties

Description

This exceptional 40,041 square foot Class B medical office building in Chino Hills, CA, presents a compelling value-add investment opportunity. Situated on a 2.04-acre lot at the highly visible northeast corner of Grand Avenue and Chino Hills Parkway, the property boasts ±46,500 cars passing daily. The building, constructed in 2004, is a single, two-story structure with 5 parking spaces per 1,000 square feet and is currently 79.8% occupied by 12 tenants, including a major anchor tenant. This anchor tenant, Pomona Valley Hospital Medical Center (PVHMC), a 437-bed acute care hospital, occupies approximately 48% of the rentable space under a new 7-year NNN lease with 2.5% annual rent increases through December 31, 2029. PVHMC's strong financial history further enhances the property's stability. The property benefits from a strong location within a densely populated area, with approximately 275,000 people within a 5-mile radius, and a high concentration of residents aged 65 and older. Average household incomes within a one-mile radius are $154,000, and median home values are $942,000. The property's location provides convenient access to major freeways, including State Highway 71, Interstates 10 and 60, and Highway 91, serving Los Angeles, Orange, and San Bernardino counties. The weighted average lease term (WALT) is approximately 4.1 years, offering a stable cash flow with significant upside potential through lease-up of vacant space and market rent adjustments. The property is zoned PD. APN: 1024-511-02-0000.

Location Insight

City

Chino Hills

County

San Bernardino

State

California

Latitude

33.9969

Longitude

-117.759

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