1505 S D St 17,112 SF 100% Leased Office Building San Bernardino, CA 92408 $2,950,000 ($172.39/SF) 7.03% Cap Rate

Stable Government-Anchored Office Investment
Rare opportunity to acquire a well-maintained, two-story, 17,112 square foot multi-tenant office building constructed in 2007. The property is offered at $2,950,000 ($172 per square foot), a price that is substantially below today's replacement cost, creating an attractive basis for both investors and long-term owners.
The building is occupied by three tenants, with the County of San Bernardino generating approximately 86% of the property's rental income. The investment currently produces approximately $17,290 per month in net cash flow, providing stable, predictable income from a strong credit tenant.
The County's lease rate is exceptionally competitive at just $2.14 per square foot, Full Service Gross, making relocation to comparable office space economically impractical. This favorable rental rate, combined with the County's long-standing presence in the area and proximity to other County facilities, supports continued occupancy and long-term income stability.
The property enjoys an excellent location just north of Hospitality Lane, one of the Inland Empire's premier business corridors. Tenants benefit from immediate access to numerous restaurants, hotels, retail amenities, and nearby government offices, while the property's position near the interchange of Interstate 10 and Interstate 215 provides outstanding regional connectivity.
From this central location, businesses enjoy convenient access throughout Southern California. Ontario is approximately 17 miles to the west, Riverside is 17 miles to the south, the High Desert and Palm Springs region are approximately 56 miles to the east, and Interstate 210 is only six miles to the north. This accessibility allows companies to efficiently serve multiple regional markets while benefiting from occupancy costs that are significantly lower than competing office locations in the Ontario Airport and Downtown Riverside markets.
For investors seeking dependable cash flow, a strong government-anchored tenancy, and an acquisition price well below replacement cost, 1505 S. D Street represents an exceptional value opportunity in the Inland Empire office market.