150 E Holt Boulevard, Ontario, CA 91761

List Price
$23,000,000
Status
ACTIVE
MLS#
IV25178182
Year Built
2014
Lot Size
20,097
Acres
0.46
Lot Location
0-1 Unit/Acre
Days on Market
49
Property Type
Commercial
Property Sub Type
Office

Property Description

We are pleased to present a rare investment opportunity: a fully leased, AA+ credit tenant, medical / office property with a secure, long-term, tenant. This 58,000 sq. ft., three-story building was developed in 2014 as a build-to-suit for the County of San Bernardino and has been continuously occupied by them since. The property is leased to the County under four separate, co-terminus, lease agreements, all expiring in August 2035—providing over 10 years of remaining firm term. The tenant, the County Department of Public Health, operates the facility as the Ontario Health Center, housing four public health divisions Custom tenant improvements include: a negative pressure laboratory, four, fully equipped dental stations, 20 exam rooms, three patient waiting areas, radiology with lead-lined walls, and four additional negative pressure rooms in the clinic. • A two-ton generator (owned and included in the sale) can power critical operations during a power outage and is maintained by the County. • Enhanced security with two full-time guards during business hours and patrols covering both the building and adjacent parking structure. • Additional amenities include a 6-cubicle call center, multiple conference rooms, break rooms on each floor, over 20 restrooms, and two medication storage rooms. This facility was purpose-built to County specifications, in a location specifically selected to serve regional residents. Given the unique and costly tenant improvements and mission critical use, the County is strongly incentivized to remain beyond the current lease term. This is a secure, high-credit, long-term investment opportunity—an ideal fit for the investor seeking stable, low-risk cash flow.

Additional Information

Water
Public
Attached Structure
Detached
Gross Scheduled Income
$1,717,044
Operating Expense
564778

Listing courtesy of Listing Agent: LEE SPENCE (lee.spence@daumcommercial.com) from Listing Office: DAUM COMMERCIAL RE SERVICES.

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Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.