HOSPITAL ADJACENT OWNER-USER MOB WITH IN-PLACE INCOME
* HIGH-IMAGE MOB | 36450 Inland Valley Drive presents an incredible opportunity to acquire an institutional-quality, highly improved medical office asset consisting of 56,799 square feet.
* OWNER-USER FLEXIBILITY | An owner/user would have the ability to occupy up to approximately 50,748 square feet upon the expiration of Kaiser Permanente’s lease in 2026, while joining Vantage Oncology in the building.
* STRONG IN-PLACE INCOME STREAM | At 95% leased to investment grade tenants for the next two years, new ownership will benefit from an in-place income stream to help offset debt service prior to taking occupancy. New ownership can also grow the income by leasing the remaining 2,915 square feet of space that is currently vacant.
* HOSPITAL ADJACENT | Located next to Inland Valley Medical center provides incredible healthcare synergies with a very strong health system.
STRATEGICALLY LOCATED IN THE HEART OF THE REGION’S MEDICAL HUB
* STRONG HEALTH CARE SYSTEM | The building sits directly adjacent to Inland Valley Medical Center and five miles south of Rancho Springs Medical Center in Murrieta, both are part of the Southwest Healthcare System. Inland Valley Medical Center has the region’s only Trauma Center and cares for more than 30,000 patients per year. Rancho Springs Medical Center contains the largest childbirth center in Southwest Riverside County.
* GREAT MEDICAL SUBMARKET | The Southwest Riverside County submarket’s central location within Southern California creates a strategic bridge location for businesses looking to service the Inland Empire, Los Angeles, San Diego, and Orange County markets.
* INCREDIBLE DEMOGRAPHICS | The property is easily accessible with its proximity to the I-15 and I-215 freeway interchange, and will benefit from the dense, affluent surrounding demographics as there are more than 133,000 people within a 5-mile radius and an average household income of $133,036.
STRONG INLAND EMPIRE OFFICE MARKET FUNDAMENTALS
* DYNAMIC MARKET | The Inland Empire, a region whose $200-billion economy is equal to that of the State of Utah, has been Southern California’s best-growth market for nine straight years, averaging ±5.2% in economic growth each year. The Inland Empire’s population base of 4.6M people is Southern California’s second largest fueled by a growth rate that is almost 3.5 times more than the rest of the region since 1990.
* SUSTAINED FUNDAMENTALS | The Inland Empire has experienced 4% rent growth year-over-year in 4Q23, aided by the largest quarterly positive net absorption since 3Q18, per CBRE Research. For 2023, positive net absorption totaled 260,842 square feet. Consequently, total vacancy dropped to 8.8%, the lowest in Southern California.
* LIMITED PIPELINE | With only ±44,000 square feet of new office inventory under construction in the Inland Empire, the Inland Empire medical office market will continue to tighten.