264 N Highland Springs Ave - Medical FOR SALE


Banning, CA 92220
$1,700,000 USD
714-855-8184
264 N Highland Springs Ave, Banning, CA for Sale
$1,700,000 USD
Medical - FOR SALE
1/42
null | 6.19% Cap Rate

NEW


264 N Highland Springs Ave
Banning, CA 92220


HIGHLIGHTS

  • Adjacent to San Gorgonio Hospital
  • Professional Office / Medical Office Zoning
  • Ample Parking / Single Story / 50% Occupancy / Turn Key Investment

OVERVIEW

Located at 264 N. Highland Springs Ave. #4, Banning, CA 92220, this well-maintained, single-story professional medical office building was constructed in 1992 and offers approximately 6,757 square feet of gross interior space on a 8,624 square-foot lot. Currently configured as a medical office and zoned for Professional Office use, the property features a highly functional floor plan that includes more than 20 private offices/exam rooms, three restrooms, a conference room, kitchen, exercise/therapy room, and five dedicated storage rooms, providing flexibility for a variety of medical or professional office users. The property also offers ample on-site parking for staff and visitors and is located within Flood Zone X, indicating minimal flood risk. Conveniently situated adjacent to San Gorgonio Memorial Hospital, the location provides excellent accessibility and is well-positioned for medical, healthcare, and other professional office practices. The adjacent / identical building #5 sold in February 2024 for $1,690,000. Tenant currently occupies 50% of the building at $4,750 per month. Additional 50% ready for occupancy

FOR SALE DETAILS

PRICE

$1,700,000 USD

PRICE/SF

$252 USD /SF

CAP RATE

6.19%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

1992

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.22 AC

LAND SF

9,583 SF

ZONING

C2

APN/PARCEL ID

419-050-024

ASK ABOUT THIS PROPERTY

Bradley PetersenPay It Forward RealtyMore Info
714-855-8184

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Bradley PetersenPay It Forward RealtyMore Info
714-855-8184

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.