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600 N Euclid Ave 12,125 SF 100% Leased Office Building Upland, CA 91786 $3,400,000 ($280.41/SF) 4.84% Cap Rate
Investment Highlights
- 100% Leased Medical Office Building in Upland, CA
- Value-Add Opportunity from Expiring, Below Market Leases
- Strong Submarket – Sub 5% Vacancy
- Less than 1 Mile from San Antonio Community Hospital (San Bernardino)
- Owner User Can Occupy 6,500 SF and Pay$1.12 per SF NNN (After Principal Reduction)
- 2.85 Years Weighted Average Lease Term
Executive Summary
Marcus & Millichap is pleased to present a 100% leased medical office building strategically located on N Euclid Avenue in Upland, California, just one mile from the highly regarded San Antonio Community Hospital. The property has a staggered lease expiration schedule with a current 2.85-year weighted average lease term, with 29% of leases expiring in the next two years, offering an immediate value-add opportunity to bring rents to market levels and enhance cash flow.
Situated in a prime location with high visibility and access to a well-established healthcare infrastructure, this asset benefits from Upland’s strong market fundamentals, including a low 5% vacancy rate for medical office space. The property’s stability, combined with significant upside potential, makes it an attractive investment in a highly desirable and growing region.
Situated in a prime location with high visibility and access to a well-established healthcare infrastructure, this asset benefits from Upland’s strong market fundamentals, including a low 5% vacancy rate for medical office space. The property’s stability, combined with significant upside potential, makes it an attractive investment in a highly desirable and growing region.
Property Facts
Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
12,125 SF
Building Class
C
Year Built
1979
Price
$3,400,000
Price Per SF
$280.41
Cap Rate
4.84%
NOI
$164,560
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
6,062 SF
Slab To Slab
10’
Building FAR
0.33
Lot Size
0.84 AC
Zoning
Medical Office - Medical Building
Parking
61 Spaces (5.03 Spaces per 1,000 SF Leased)
Amenities
- Wheelchair Accessible
- Reception
- Central Heating
- Air Conditioning
- Smoke Detector
1 1
Walk Score®
Very Walkable (86)
Bike Score®
Very Bikeable (77)
Property Taxes
| Parcel Number | 1046-261-13 | Improvements Assessment | $2,119,884 |
| Land Assessment | $248,596 | Total Assessment | $2,368,480 |
Property Taxes
Parcel Number
1046-261-13
Land Assessment
$248,596
Improvements Assessment
$2,119,884
Total Assessment
$2,368,480
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600 N Euclid Ave
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