11441-11481 Heacock St - Medical FOR SALE


Moreno Valley, CA 92557- Moreno Valley West
$4,650,000 USD
213-225-7255
11441-11481 Heacock St, Moreno Valley, CA for Sale
$4,650,000 USD
Medical - FOR SALE
1/12
null | 7.94% Cap Rate

11441-11481 Heacock St
Moreno Valley, CA 92557
Moreno Valley West


HIGHLIGHTS

  • Qualified Buyers Can Obtain Owner User Financing with 25% Occupancy. Please Inquire For Details.

OVERVIEW

• Well-Manicured Landscaping: the landscaping has been thoughtfully maintained over the years. The beautifully manicured, tranquil landscaping creates a peaceful environment for patients and staff. • Ample Parking: The Laguna Vista Professional Plaza has abundant parking, the 135 parking spaces are sufficient to accommodate staff and visitors of the tenants’ busy practices. • Prominent Visibility: the property with over 660 feet of frontage on Heacock Street and excellent signage is ideal for attracting clients and businesses. • Strong Market: Moreno Valley is a growing market with expanding healthcare, logistics, and retail sectors. • Established Tenancy: 48% of the businesses have been at the property for over 27 years. Dr. Rynerarson, Loma Linda Healthcare, North Heacock Dental Group, Aspen Medical Group, Dr. Lim, DDS, Farmer’s Insurance, Dr. Kent, and Dr. Dong S Kim, MD all have been at the property since the seller acquired it in 1997. • Below Market Rents with Upside Potential: 26% of the occupancy is well below market rent. There is significant opportunity for future rental growth potential. • Financing Options: Qualified medical office operators can take advantage of owner-user financing by occupying at least 25% of the property.

FOR SALE DETAILS

PRICE

$4,650,000 USD

PRICE/SF

$154 USD /SF

CAP RATE

7.94%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Laguna Vista Office

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

B

YEAR BUILT

1988

SPRINKLERS

-

PARKING SPACES

135

LAND DETAILS

LAND ACRES

3.15 AC

LAND SF

137,214 SF

ZONING

RA

APN/PARCEL ID

264-060-009

ASK ABOUT THIS PROPERTY

James ChoKidder MathewsMore Info
213-225-7255

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James ChoKidder MathewsMore Info
213-225-7255

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.