Offers for Dignity Medical Plaza are due Thursday, Oct. 10, 2013, by 5 P.M.
Dignity Medical Plaza (Photo courtesy of NGKF)
Newmark Grubb Knight Frank, as the Owners Exclusive Agent, is pleased to offer for sale the fee simple interest in Dignity Medical Plaza, located in Fontana, CA (the “Property”). Dignity Medical
Plaza represents a truly rare, Southern California and institutionally anchored value add medical office opportunity. The Property is strategically positioned within The Shops at Sierra, a bustling retail center with high visibility off I-210, and within near proximity to I-15 and I-215.The high identity and best in class Property represents a fee simple interest, consisting of 39,021 rentable square feet and constructed in 2008. The multi-tenant Property is currently 57% leased, and occupied by four prominent tenants including Dignity Health Urgent Care (Moody’s ‘A3’), Inland Healthcare Group (venture with Dignity Health), San Bernardino Medical Group and Quest Diagnostics. The existing tenants are synergistic and consider this site critical to their long term healthcare delivery plans. The Property offers tremendous opportunity for an investor to create immediate value through leasing the balance of the available space. The timing of the market, quality of the asset, favorable area healthcare expenditures and increased healthcare leasing velocity are such that a clear and easy path to stability seems imminent in the near future.
The prestigious Dignity Health System, the owner and operator of nearby hospitals, St. Bernardine Medical Center and Community Hospital of San Bernardino is one of the five largest health systems in the nation and the largest hospital operator in California. Dignity Health operates 39 acute care hospitals, with total assets exceeding $13.5 billion dollars.
The city of Fontana is located in the Inland Empire of Southern California, within San Bernardino County, bordered to the South by Riverside and San Diego Counties and to the West by Orange and Los Angeles Counties. The Inland Empire has experienced tremendous growth over the past 12 months driven by a rapidly improving jobs market and residential recovery that bodes well for the future economics of the Property.
The medical office building capital markets environment continues to outperform most commercial real estate asset classes, driven primarily by a tremendous amount of capital seeking quality opportunities within this space. Strong investor demand for quality medical office properties is being fueled by proven resiliency over the past several years, favorable long term demographic trends driven by the baby boomer generation and a sentiment that healthcare reform will substantially increase demand for quality medical office space. Dignity Medical Plaza encompasses all of the attributes of an institutional quality medical office opportunity.
INVESTMENT HIGHLIGHTS
• Institutionally Anchored State of the Art Medical Office Building
• High Profile & Synergistic tenant mix including Dignity Health (Moody’s ‘A3’)
• Extremely Rare Value Add Medical Office Opportunity
• Best in Class Facility Constructed in 2009
• Strategic North Fontana location with Excellent Freeway Visibility and Proximity to 4 Area Hospitals
• Favorable Healthcare Expenditures within the Immediate Area
EXCLUSIVE ADVISORS
HEALTHCARE
EVAN A. KOVAC Managing Director Direct: 949.608.2061 ekovac@ngkf.com CA Broker License # 01750736
TIM J. LEBER Associate Direct: 949.608.2012 tleber@ngkf.com CA RE License # 01920061
LEASING
JUSTIN HODGDON Senior Managing Director Direct: 949.608.2028 jhodgdon@ngkf.com CA Broker License # 01246279
JOHN OIEN CBRE – First Vice President Direct: 909.418.2135 john.oien@cbre.com CA Broker License # 01218278
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