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232, 236, 242 Cajon St. 3 Properties Offered at $3,950,000 in Redlands, CA
Investment Highlights
- Three-building office and medical portfolio in downtown Redlands.
- 100% leased with strong income and long-term tenancy.
- Garden-style, low-rise design with above-standard parking.
- Offered at $276/SF, significantly below replacement cost.
- Located near major hospitals and healthcare facilities.
- Opportunity for owner-user occupancy of ±10,000 SF.
Executive Summary
Lee & Associates presents the Redlands Office & Medical Building Portfolio, a three-building investment opportunity located at 232, 236, and 242 Cajon Street in Redlands, California. This ±14,328 SF portfolio consists of one medical office building and two professional office buildings on separate parcels, offering flexibility for future disposition or redevelopment. The properties are 100% leased, generating stable income, with Optum occupying two buildings under leases through 2027. Positioned in the heart of downtown Redlands, the portfolio benefits from proximity to major medical centers, including Redlands Community Hospital and Loma Linda University Medical Center, as well as convenient access to Interstate 10. Offered at $3,950,000 ($276/SF), this portfolio is priced below replacement cost, creating a compelling value proposition for investors or owner-users seeking immediate occupancy potential of ±10,000 SF. Ample parking, garden-style design, and recent HVAC upgrades further enhance long-term operational efficiency and tenant appeal.
Property Facts
| Price | $3,950,000 | Number of Properties | 3 |
| Price / SF | $275.68 / SF | Individually For Sale | 1 |
| Sale Condition | Bulk/Portfolio Sale | Total Building Size | 14,328 SF |
| Sale Type | Investment | Total Land Area | 1.45 AC |
| Status | Active |
| Price | $3,950,000 |
| Price / SF | $275.68 / SF |
| Sale Condition | Bulk/Portfolio Sale |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 3 |
| Individually For Sale | 1 |
| Total Building Size | 14,328 SF |
| Total Land Area | 1.45 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 242 Cajon St, Redlands, CA 92373 | Health Care | 5,270 SF | 1963 | - |
| 236 Cajon St, Redlands, CA 92373 | Health Care | 4,907 SF | 1967 | - |
| 232 Cajon St, Redlands, CA 92373 | Office | 4,151 SF | 1969 | - |
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Contacts
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Thomas Pierik -
Rich Erickson -
Frank Vora -
Lee & Associates Commercial Real Estate Service
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232, 236, 242 Cajon St.
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