12370 Hesperia Rd
Victorville, CA 92395
Office Property For Sale

Best-in-Market, Stabilized Medical / Office Building Anchored by Credit Tenants. * 93% leased to credit tenants, offering a stable income stream that yields an outstanding in-place leveraged cash return of 12.59%. In-place rents are 14% below market. * 56.86% occupied by High Desert Medical Group (“HMDG”), a Heritage Provider Network affiliate that has served Victor Valley for over 35 years. As Heritage Provider Network’s sole location in the region, HMDG has expanded its footprint more than five-fold at the Property in the last 10 years. HDMG’s recently-signed long-term renewals speak to the tenant’s growing and irreplaceable investment in this property. * Wimbledon Medical Park is the dominant medical complex that serves as a critical healthcare cluster for Victor Valley and provides an ecosystem of complement tenancy that extends to the surrounding area, particularly with nearby Desert Valley Hospital and St. Joseph Health. Priced at $17,596,000 which is substantially below estimated replacement cost of $20,462,056 ($278 PSF).