<body><div><figure><img src="https://img.particlenews.com/image.php?type=thumbnail_580x000&amp;url=1aUpvz_0vi9L1yB00" alt="https://img.particlenews.com/image.php?url=1aUpvz_0vi9L1yB00" width="1200" height="816" ><figcaption>Photo by Martha Dominguez de Gouveia via Unsplash</figcaption></figure>A two-story medical office building in Wildomar with 56,799 square feet of space and an NOI of $1.4 million is on sale for the best offer. The property is set on 3.52 acres at 36450 Inland Valley Drive, near Southwest Healthcare Inland Valley Hospital. The current owner, an entity affiliated with Corona-based Wadher Family, purchased the building in 2006 for $10.2 million, or roughly $179 per square foot. Property records indicate the office was originally built in 1992. Kaiser Permanente is the main tenant. The building is located near Inland Valley Medical Center, a vital healthcare facility that serves over 30,000 patients annually and home of the only trauma center in the region, according to marketing materials from CBRE. The proximity to key healthcare providers like Rancho Springs Medical Center, which contains the largest childbirth center in Southwest Riverside County, enhances the location’s appeal, particularly in a region where healthcare services are in high demand.The building boasts a strong in-place net operating income of $1,418,482, which will provide new ownership with a stable income stream for the next two years, as 95% of the space is leased to investment-grade tenants. The occupancy will help offset debt service while the new owner prepares to occupy the space following the expiration of Kaiser Permanente’s lease in 2026.With the potential for owner-user flexibility, the new owner can occupy up to approximately 50,748 square feet after 2026 while maintaining the existing tenant, Vantage Oncology, in the building. Additionally, there is an opportunity to grow income by leasing the remaining 2,915 square feet of currently vacant space.The property is located within the Inland Empire, an area that has experienced unprecedented growth, with an average annual economic growth rate of 5.2% over the last nine years, according to CBRE. The Inland Empire’s population of approximately 4.6 million has made it a burgeoning market, characterized by a significant demand for medical office space.Strategically positioned near Interstate 15 and Interstate 215, the property benefits from excellent accessibility and over 133,000 residents within a five-mile radius boasting an average household income of $133,036.The Inland Empire’s office market fundamentals remain strong, evidenced by a 4 percent year-over-year rent growth and the lowest vacancy rate in Southern California at 8.8 percent. With only 44,000 square feet of new office inventory currently under construction, the medical office market is projected to tighten further. CBRE contacts for the property include Sammy Cemo, Austin Reuland, Anthony Delorenzo, Bryan Johnson, Nick Williams, Christopher Bodnar, John Oien,m Windar Batoosingh and Shaun Moothart. </div></body>

Mountain View, CA

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56,799 SQFT Medical Office in Wlidomar Hits the Market

A two-story medical office building in Wildomar with 56,799 square feet of space and an NOI of $1.4 million is on sale for the best offer. The property is set on 3.52 acres at 36450 Inland Valley Drive, near Southwest Healthcare Inland Valley Hospital. The current owner, an entity affiliated with Corona-based Wadher Family, purchased the building in 2006 for $10.2 million, or roughly $179 per square foot. Property records indicate the office was originally built in 1992. Kaiser Permanente is the main tenant.