Asking Price $8 Million – Existing 165K SF Building with 8 + Acres of Land
In Southern California Prime Downtown, Listings for Class C Neighborhood property prices at $110/SF to $165/SF I need a QUICK sale Land value at $7-$8 Million + Building replacement cost at $25 Million (please verify)
MOB project can start in 4 months, and will complete in 12 months. With Very High Returns!
Potential Rental of $1.75/SF NNN or Condos at $250/SF Multiple Growing Hospitals across the street, NO Class A Medical Office Building in this area, high barriers to entry, MOB Class A building occupancy is over 96% in the market! Freeway visibility and exit right to parking lot.
Building sits on 8+ acres of rare downtown land with plenty of surface parking, Now it operates as a Retail Mall and Event Center.
Smart and Final grocers & Dollar tree part of this shopping center (not included in the deal).
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