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Office

715 NORTH ARROWHEAD AVENUE

715 N Arrowhead Ave, San Bernardino, CA 92401

Listing Price: $3,500,000

Cap Rate
1.35%
Gross SF
25,747
Rentable SF
25,747
Price/Gross SF
$135.94
Lot Size
1.07 acres
Year Built
1986

Investment Overview

Marcus & Millichap is pleased to present this exciting opportunity for an investor or an owner/user to purchase 715 N Arrowhead Ave, a 25,747 square foot medical office building situated upon 2 parcels with 1.12 acres of land located in the densely populated metro of San Bernardino, CA. This 25,747 gross square foot office building comprises approximately 21,786 rentable square feet, of which 36.7% is currently occupied by five medical and professional tenants. There are 19 remaining spaces currently vacant, split between the first and second floors, offering total square footage available of 16,293 square feet. 715 N Arrowhead Ave is conveniently located just over five miles from the San Bernardino International Airport, less than five miles from Downtown San Bernardino, and a couple of miles from the very popular Hospitality Lane District, which features a great variety of retail, dining, hotel and nightlife establishments. The Hospitality Lane District is considered one of the most prosperous and developed areas in San Bernardino. Medical tenants and their patients benefit from the close proximity to nearby hospitals including the Loma Linda University and Medical Center, Loma Linda VA, Arrowhead Regional Medical Center, and St. Bernardine Medical Center, all within a six-mile radius.

The recently renovated office building has been heavily improved with a newly asphalted parking lot, newly installed security fencing/gate surrounding the perimeter of the parking lot, newly painted exterior & interior finishes, new carpeting, and several new HVAC units. Additional features include new security cameras throughout the property and parking lot.

Investment Highlights

  • Incredible Value-Add Opportunity w/37% Occupancy Following Recent Renovations
  • Heavily Renovated Interior and Exterior
  • Building and Entire Parking Lot Secured with Gated Enclosures
  • Below Market, Replaceable Rents in Place
  • Active Leasing Activity Since Renovations and Current Interest for Future Tenants

Exclusively Listed By

Financing By

Office

715 NORTH ARROWHEAD AVENUE

Listing Price: $3,500,000

Cap Rate
1.35%
Gross SF
25,747
Rentable SF
25,747
Price/Gross SF
$135.94
Lot Size
1.07 acres
Year Built
1986

Investment Highlights

  • Incredible Value-Add Opportunity w/37% Occupancy Following Recent Renovations
  • Heavily Renovated Interior and Exterior
  • Building and Entire Parking Lot Secured with Gated Enclosures
  • Below Market, Replaceable Rents in Place
  • Active Leasing Activity Since Renovations and Current Interest for Future Tenants

Investment Overview

Marcus & Millichap is pleased to present this exciting opportunity for an investor or an owner/user to purchase 715 N Arrowhead Ave, a 25,747 square foot medical office building situated upon 2 parcels with 1.12 acres of land located in the densely populated metro of San Bernardino, CA. This 25,747 gross square foot office building comprises approximately 21,786 rentable square feet, of which 36.7% is currently occupied by five medical and professional tenants. There are 19 remaining spaces currently vacant, split between the first and second floors, offering total square footage available of 16,293 square feet. 715 N Arrowhead Ave is conveniently located just over five miles from the San Bernardino International Airport, less than five miles from Downtown San Bernardino, and a couple of miles from the very popular Hospitality Lane District, which features a great variety of retail, dining, hotel and nightlife establishments. The Hospitality Lane District is considered one of the most prosperous and developed areas in San Bernardino. Medical tenants and their patients benefit from the close proximity to nearby hospitals including the Loma Linda University and Medical Center, Loma Linda VA, Arrowhead Regional Medical Center, and St. Bernardine Medical Center, all within a six-mile radius. The recently renovated office building has been heavily improved with a newly asphalted parking lot, newly installed security fencing/gate surrounding the perimeter of the parking lot, newly painted exterior & interior finishes, new carpeting, and several new HVAC units. Additional features include new security cameras throughout the property and parking lot.

Exclusively Listed By

Financing By

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