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Hope Medical Center - Availability Details

12998 Hesperia Rd, Victorville, CA 92395

  • For Sale $3,430,000
  • Property Type Office - Medical Office
  • Property Size 13,895 Sqft
  • Lot Size 0.95 Acre
  • Building Class A
  • Year Built 2008
  • Date Updated Sep 08, 2021

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Location

  • City Victorville, CA
  • Neighborhood East Bear Valley
  • Zip Code 92395
  • Market Inland Empire

Contacts

broker

Greg Bedell

Progressive Real Estate Partners

(909) 230-4500

Highlights

  • Strong Investment Fundamentals
  • 2008 Construction – The asset features newer, modern architecture with no known deferred maintenance.
  • Well Maintained by Original Developer – The current ownership developed the center in 2008 for its own medical practice and has consistently maintained the property.
  • Diversified Income Stream – No individual tenant represents more than 32% of the income stream.
  • Internet Resistant Tenancy – COVID has shown that medical services are not easily completed online and that patients highly prefer to visit a physical doctor’s office.
  • Extensive Tenant Buildouts – Medical tenants tend to invest significantly into their space buildouts, reducing the likelihood of them relocating.
  • Recent Renewals – 4 of the center’s 5 tenants recently renewed for an additional two years.

Frequently Asked Questions

What year was Hope Medical Center built and finished?

Hope Medical Center was completed in 2008.

Contact Listing Broker

broker

Greg Bedell

Progressive Real Estate Partners

(909) 230-4500

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