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1794 S Barranca Ave
Glendora, CA 91740 Covina-Valley

$4,601,143

Medical For Sale  •  6,100 Sq Ft

Property Details

  • Property Type Medical
  • Total Building Size 6,100 Sq Ft
  • Lot Size 0.75 ac
  • Building Class B
  • Year Built 2003
  • Cap Rate 5.25 %
  • Tenancy Single
  • Zoning C3, Glendora
36 Transit Score
63 Walk Score

Description

Single-Tenant NNN-Leased, State-of-the-Art Ambulatory Surgery Center Backed by High Credit
   
›    100% leased to Glendora Digestive Disease Institute, an established and accredited outpatient ambulatory surgery center that has been serving the Eastern San Gabriel Valley and Western Inland Empire since 2004. The state-of-the-art surgery center is comprised of 1 surgery room, 3 procedure rooms, 14 hospital-grade recovery beds, specialized equipment, and nurses’ stations.
   
› The NNN lease, with more than 3.5 years remaining, is guaranteed by AMSURG Corporation and provides the benefits of predictable passive cash flow and minimal landlord responsibilities. AMSURG Corporation is a nationally recognized leader in the strategic and operational management of surgery centers, with more than 2,000 physician partners at 245+ ambulatory surgery centers across the United States, who recently merged with Envision Healthcare, a NYSE-listed company
 with a $4.6 billion market capitalization and $7.8+ billion in annual revenues.
   
Strategic Location Serving 3 Counties, with Strong Medical Office Fundamentals 
   
› Glendora offers a strategic location within a critical healthcare cluster for the San Gabriel Valley and Western Inland Empire. The surgery center is near several hospital clusters—Foothill Presbyterian, Glendora Community, Inter-Community, San Dimas Community, Pomona Valley Medical Center, Montclair Medical Center and Kindred Hospitals, to name a few—that provide natural referral pipelines from patients looking for best-in-class outpatient care that is more cost effective than in-hospital settings.
   
› Growing demand and limited supply of medical office inventory in the Eastern San Gabriel Valley and Western Inland Empire—524 buildings in all—have pushed vacancy to an all-time low. Direct vacancy has dropped 220 basis points since Q1 2016, to 6.1% in Q1 2018.

Financial Summary

Cap Rate: 5.25 %

Amenities

  • 24 Hour Access
  • Bus Line

Public Transportation

Commuter RailDriveWalkDistance
Covina Commuter Rail (San Bernardino Line) 5 min - 1.7 mi
Baldwin Park Commuter Rail (San Bernardino Line) 12 min - 5.7 mi
AirportDriveWalkDistance
Ontario International Airport 29 min - 20.4 mi
Long Beach-Daugherty Field Airport 45 min - 32.8 mi
Bob Hope Airport 44 min - 33.5 mi

Parking Details

Parking Available: No
Reserved: No
Type: Covered
Included in Rent: Yes
Mark Shaffer 213-613-3758 CBRE, Inc.
Mark Shaffer 213-613-3758 CBRE, Inc.