225 Airport Dr San Bernardino, CA 92408
- Office Properties & Spaces
- 14,676 SF
Current Use by Public Records
- Advanced Healthcare for Women & Children / Reproductive Health Clinic / Std Clinic
- Southeast California College / College / Medical School
- Medical Legal Management Specialist / Legal Services
- Little Me Zone / Children'S Amusement Center
- Watkin George S MD / Orthopedic Surgeon
Property Details for 225 Airport Dr
- Year built
- 1978
- Property size
- 14,676 SF
- Property type
- Office Properties & Spaces
- 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.
Value Estimation
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CAP approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- San Bernardino
- County
- San Bernardino
- State
- California
- Longitude
- -117.283
- Latitude
- 34.0671
