Property Details

701 Highlands Springs Ave
Beaumont, CA 92223

Price
$3,150,000
GRM
11.91  
GSI
$264,500  
NOI
$173,029  
CAP Rate
5.49  
Units
12  
Price/unit
$262,500  
Square Footage
14,752  
Price/sqft
$214  
Lot Size (sqft)
124,538  
Year Built
1963  

Property Description

Highland Springs Medical Arts Building

Located across the street from San Gorgonio Memorial Hospital this 12 unit Medical Building is fully leased, has a state of the art camera security system, new landscaping, and a recently redone large parking lot complete with ADA compliant ramps, LED lights, and new trash enclosure. Historically high occupancy rate and tenant retention allows for ease of management. Subject property is surrounded by many new medical projects currently in development. Great term investment opportunity as a hold or possible redevelopment.

Existing actual gross income is $264,420.00 and existing cap rate is 5.49%.

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