Property summary
This exceptional 30,243 square foot medical office building presents a compelling investment opportunity in Moreno Valley, California. Boasting a strong 7.39% cap rate and a substantial net operating income (NOI) of $343,578, this property offers significant returns. Constructed in 1988, the building is situated on a highly visible 660+ foot frontage along Heacock Street, providing excellent signage opportunities for attracting patients and maximizing brand awareness. The property features ample parking to accommodate both staff and visitors, ensuring convenience and accessibility. The tranquil landscaping contributes to a peaceful and welcoming atmosphere for patients and staff alike. The building's location within Moreno Valley benefits from a growing market experiencing expansion in healthcare, logistics, and retail sectors, promising continued strong performance and potential for future appreciation. The property's Assesor's Parcel Number (APN) is 264-060-009. The asking price is $4,650,000. All 30,243 square feet are net rentable. This is a rare opportunity to acquire a well-maintained, high-performing medical office building in a thriving market. The property's prime location and strong financial performance make it an ideal investment for discerning buyers seeking stable income and long-term growth.
Property profile
VerifiedCap rate & NOI
Current use
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Pediatrician Medical Clinic
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Pediatrician Medical Clinic
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Pediatrician Medical Clinic
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Pediatrician Medical Clinic
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Pediatrician Medical Clinic
Location
Value estimations
Owner & transaction history
Zoning & alternative use
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Value estimation
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Cap rate
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Price sensitivity
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Property tax & assessments
Tax year 2024Property description
Physical attributes from public recordsZoning & alternative use
RA · Moreno Valley, CAZoning
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Zoning designation
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The district profile from the municipal source: what is on file for RA in Moreno Valley, CA.
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