Office Medical

Wildwood Professional Building

3972 N Waterman Ave, San Bernardino, CA 92404

Listing Price: $1,200,000

Cap Rate
4.91%
Gross SF
9,289
Rentable SF
9,289
Price/Gross SF
$129.19
Occupancy
63.00%
Year Built
1965
Lot Size
0.73 acres

Investment Overview

Marcus & Millichap Real Estate Investment Services is pleased to present the Wildwood Professional Building located in San Bernardino, California. San Bernardino is a city located in the Inland Empire region of Southern California. The city serves as the county seat of San Bernardino County, California. As one of the Inland Empire’s anchor cities, San Bernardino spans 81 square mile on the floor of the San Bernardino Valley to the south of the San Bernardino Mountains. As of 2019, San Bernardino has a population of nearly 216,000 making it the 17th-largest city in California and the 102ndlargest city in the United States. California State University, San Bernardino is located in the northwestern part of the city. The university also hosts the Coussoulis Arena and the Robert and Frances Fullerton Museum of Art. Other attractions in San Bernardino include ASU Fox Theatre, the McDonald’s Museum ( located on the original site of the world’s first McDonald’s), the California Theatre, and the San Manuel Amphitheater, the largest outdoor amphitheater in the United States. In addition, the city is home to the Inland Empire 66ers minor-league baseball team, which plays their home games at San Manuel Stadium in downtown San Bernardino. The Wildwood Professional Building offers excellent visibility on North Waterman, a heavily traveled north-south artery. The property also has easy access to the Interstate 210 Freeway. The property is situated just off the intersection of East 40th Street and Waterman Avenue. The Wildwood Professional Building is located at the east end of a Stater Bros grocery store anchored neighborhood retail center. Other nearby retailers include TJ Maxx, Autozone, Starbucks, McDonald’s, Chevron, and Walgreen’s. This medical building is approximately 9,289 rentable square feet situated on 0.73 acres. The subject property is well-parked with parking on both sides of the building and features 11 suites.

Investment Highlights

  • Ideal Owner/User or Value-Added Medical Office Building
  • Priced Below Replacement Costs- $123/Sq Ft
  • 8% Proforma Capitalization Rate at 90% Occupancy
  • Rental Upside
  • Excellent Street Frontage; Monument Sign
  • Historically Low Financing Available 3.25- 3.75% with Down Payment as Low as 10%
  • Effective Rent/Mortgage of Ownership Only $1.13/Sq Ft/MG

Exclusively Listed By

Office Medical

Wildwood Professional Building

Listing Price: $1,200,000

Cap Rate
4.91%
Gross SF
9,289
Rentable SF
9,289
Price/Gross SF
$129.19
Occupancy
63.00%
Year Built
1965
Lot Size
0.73 acres

Investment Highlights

  • Ideal Owner/User or Value-Added Medical Office Building
  • Priced Below Replacement Costs- $123/Sq Ft
  • 8% Proforma Capitalization Rate at 90% Occupancy
  • Rental Upside
  • Excellent Street Frontage; Monument Sign
  • Historically Low Financing Available 3.25- 3.75% with Down Payment as Low as 10%
  • Effective Rent/Mortgage of Ownership Only $1.13/Sq Ft/MG

Investment Overview

Marcus & Millichap Real Estate Investment Services is pleased to present the Wildwood Professional Building located in San Bernardino, California. San Bernardino is a city located in the Inland Empire region of Southern California. The city serves as the county seat of San Bernardino County, California. As one of the Inland Empire’s anchor cities, San Bernardino spans 81 square mile on the floor of the San Bernardino Valley to the south of the San Bernardino Mountains. As of 2019, San Bernardino has a population of nearly 216,000 making it the 17th-largest city in California and the 102ndlargest city in the United States. California State University, San Bernardino is located in the northwestern part of the city. The university also hosts the Coussoulis Arena and the Robert and Frances Fullerton Museum of Art. Other attractions in San Bernardino include ASU Fox Theatre, the McDonald’s Museum ( located on the original site of the world’s first McDonald’s), the California Theatre, and the San Manuel Amphitheater, the largest outdoor amphitheater in the United States. In addition, the city is home to the Inland Empire 66ers minor-league baseball team, which plays their home games at San Manuel Stadium in downtown San Bernardino. The Wildwood Professional Building offers excellent visibility on North Waterman, a heavily traveled north-south artery. The property also has easy access to the Interstate 210 Freeway. The property is situated just off the intersection of East 40th Street and Waterman Avenue. The Wildwood Professional Building is located at the east end of a Stater Bros grocery store anchored neighborhood retail center. Other nearby retailers include TJ Maxx, Autozone, Starbucks, McDonald’s, Chevron, and Walgreen’s. This medical building is approximately 9,289 rentable square feet situated on 0.73 acres. The subject property is well-parked with parking on both sides of the building and features 11 suites.

Exclusively Listed By

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