NAI Capital, as exclusive advisors to ownership, is proud to present for sale the Magnolia Centre. This is a 95% occupied multi-tenant medical and professional office investment opportunity located in the city of Upland within the iconic Route 66. The 1987 construction building is approximately 36,870 square feet and is situated on a 2.16-acre parcel. The lot offers ample parking including surface and covered parking at a ratio of 4.6 per 1,000. The two-story building is elevator served and well maintained.
This asset consists of 12 tenants, 2 cell towers and 1 move-in ready vacancy of 1,564 square feet. Half of the occupied spaces are leased to medical uses who have been operating in the building between 10 years to 27 years. The tenancy is ideal for an investor looking for a secure investment with dependable cashflow.
The Magnolia Centre is located on the Route 66 retail corridor along Foothill Boulevard just south of the 210 Freeway and north of the 10 Freeway. This 4-mile stretch is a dynamic area offering a mix of commercial, retail, and residential, making it an attractive investment opportunity. Major anchor tenants include: Vons, Sprouts, Stater Bros, Amazon Fresh, Walmart Bolero, 24 Hour Fitness, Burlington, Ross, Lowe's and more.
This investment is just 1.5 miles from the San Antonio Regional Hospital ("SARH"). As a full service acute medical center, SARH offers over 370,000 SF of facilities and 363 licensed beds. Founded in 1907, SARH offers a comprehensive range of general medical and surgical services, along with cardiac care, cancer care, orthopedics, neurosciences, women’s health, maternity and neonatal care, and emergency services. SARH also owns several satellite facilities throughout the surrounding community including Rancho San Antonio Medical Plaza in the city of Rancho Cucamonga, Sierra San Antonio Medical Plaza in the city of Fontana, and Eastvale San Antonio Medical Plaza in the city of Eastvale, effectively giving them a regional monopoly
https://www.sarh.org/