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Ontario Health Center 150 E Holt Blvd 58,000 SF Office Building Ontario, CA 91761 $31,852,930 CAD ($549.19 CAD/SF) 5.01% Cap Rate



INVESTMENT HIGHLIGHTS
- 10 year lease with a County government tenant. Very complicated and specific TI's make it extremely expensive and hard for the tenant to move
EXECUTIVE SUMMARY
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.
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.
PROPERTY FACTS
Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
58,000 SF
Building Class
B
Year Built
2014
Price
$31,852,930 CAD
Price Per SF
$549.19 CAD
Cap Rate
5.01%
NOI
$1,595,693 CAD
Tenancy
Single
Building Height
3 Stories
Typical Floor Size
19,333 SF
Slab To Slab
10’
Building FAR
1.24
Lot Size
1.07 AC
Opportunity Zone
Yes
Zoning
MU-1 - (Downtown Mixed Use) zoning district. The MU-1 district is designed to support a mix of vertical and horizontal retail, entertainment, and office uses
Parking
261 Spaces (4.5 Spaces per 1,000 SF Leased)
1 1
Walk Score®
Very Walkable (87)
PROPERTY TAXES
| Parcel Number | 1049-061-01 | Improvements Assessment | $8,213,622 CAD |
| Land Assessment | $408,541 CAD | Total Assessment | $8,622,163 CAD |
PROPERTY TAXES
Parcel Number
1049-061-01
Land Assessment
$408,541 CAD
Improvements Assessment
$8,213,622 CAD
Total Assessment
$8,622,163 CAD
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Ontario Health Center | 150 E Holt Blvd
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