4605 Brockton Ave 14,321 SF Office Building Riverside, CA 92506 $6,399,000 ($446.83/SF)

Rare Owner-User Medical Office Opportunity Across From Riverside Community Hospital

— HIGH IMAGE MEDICAL OFFICE BUILDING (MOB) OFFERING — 4605 Brockton Avenue presents the opportunity for an owner-user to acquire a two-story medical office building. The 1st floor is comprised of ±8,197 SF and is available for immediate occupancy. The 2nd floor is currently leased through 2029, providing an owner-user with the ability to grow organically throughout the entire building or continue earning additional income to help offset debt service.

— STRATEGIC LOCATION — The building is conveniently situated catty-corner from the newly renovated Riverside Community Hospital. In 2018, Riverside Community Hospital completed its $460M expansion project, bringing the number of licensed beds from 373 to 478. The total expansion project included a three-level medical office building, a new parking garage adding 1,061 additional parking spaces, seismic retrofitting of the hospital’s existing patient tower and the addition of the new 7-story patient tower.

— OWNER-USER ADVANTAGE — For an owner-user, this offering is an ideal corporate headquarter investment that provides an attractive lease saving trade-off. As opposed to leasing, the purchase provides this owner-user investor protection against future rental market uncertainty and rate hikes, as well as after-tax equity accumulation.

Strong Medical Market Fundamentals

— INCREDIBLE MEDICAL DEMAND — The Inland Empire, a growing hotbed for healthcare, boasts a Q1 2025 market wide MOB vacancy rate of 4.3%. Riverside, with the largest supply of MOBs in the IE, held one of the lowest vacancy rates at 2.1%.

— STRATEGIC MEDICAL LOCATION — The Inland Empire, a region whose $213-billion economy is equal to that of the state of Utah, has been Southern California’s best growth market for several straight years, averaging 5.2% each year, per the Federal Reserve. The Inland Empire’s population is Southern California’s second largest, fueled by a growth rate that is almost 4 times more than the rest of the region since 1990. Additionally, the Inland Empire leads all Southern California markets in post-pandemic job growth and has outpaced the national average significantly, with a 5.6% gain.

Prime Downtown Riverside Location

— PRIME LOCATION — The offering is located less than one mile from Riverside’s revitalized Downtown that has served as county seat of government since 1893 and is the cultural and civic home for the Inland Empire. With a strong Walk Score, this property is surrounded by numerous amenities including restaurants, banks, grocery stores, health and fitness centers, and hotels.

— EXCEPTIONAL ACCESS — The property is situated near the I-215/SR- 60/SR-91 freeway interchanges that connect the Inland Empire to Orange and Los Angeles Counties. Additionally, it is only one and a half miles from the Downtown Riverside Metrolink Station, allowing superb access for employees.