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7.19% Cap Rate!!! Civic Center Office Bldg 15490 Civic Dr 11,535 SF 84% Leased Office Building Victorville, CA 92392 $2,308,116 CAD ($200.10 CAD/SF) 7.19% Cap Rate
Investment Highlights
- 7.19% Cap Rate - Stabilized Investment - Strong mix of established office tenants
- Located in Victorville’s Civic Center—prime professional location - Easy access from I15 Freeway
- Staggered leases for consistent cash flow - Easy to manage, well-performing asset
Executive Summary
FOR SALE – 7.19% Cap Rate - PRIME MULTI-TENANT OFFICE BUILDING | STABILIZED INVESTMENT OPPORTUNITY
We are proud to present this exceptional opportunity to acquire a fully stabilized, multi-tenant office building ideally located in the heart of Victorville’s Civic Center area. This well-maintained asset features a diverse mix of professional office tenants with staggered lease terms, providing steady income and easy management.
The property is nearly 100% occupied, with one remaining vacant suite offering flexibility for an owner-user or the potential to increase income through lease-up. The tenant base includes established local and regional businesses, contributing to the property’s long-term stability and consistent performance.
Positioned in a highly desirable professional corridor near City Hall, the Victorville Courthouse, San Bernardino County Services, this property benefits from excellent visibility, accessibility, and strong surrounding demand.
Highlights:
• Fully stabilized multi-tenant office investment
• Strong mix of established office tenants
• Staggered leases for consistent cash flow
• One suite available for owner-user or additional income potential
• Located in Victorville’s Civic Center—prime professional location
• Easy to manage, well-performing asset
• Easy access from I15 Freeway
A true turnkey investment offering a balance of stability, upside potential, and long-term value in one of the High Desert’s most sought-after professional corridors.
We are proud to present this exceptional opportunity to acquire a fully stabilized, multi-tenant office building ideally located in the heart of Victorville’s Civic Center area. This well-maintained asset features a diverse mix of professional office tenants with staggered lease terms, providing steady income and easy management.
The property is nearly 100% occupied, with one remaining vacant suite offering flexibility for an owner-user or the potential to increase income through lease-up. The tenant base includes established local and regional businesses, contributing to the property’s long-term stability and consistent performance.
Positioned in a highly desirable professional corridor near City Hall, the Victorville Courthouse, San Bernardino County Services, this property benefits from excellent visibility, accessibility, and strong surrounding demand.
Highlights:
• Fully stabilized multi-tenant office investment
• Strong mix of established office tenants
• Staggered leases for consistent cash flow
• One suite available for owner-user or additional income potential
• Located in Victorville’s Civic Center—prime professional location
• Easy to manage, well-performing asset
• Easy access from I15 Freeway
A true turnkey investment offering a balance of stability, upside potential, and long-term value in one of the High Desert’s most sought-after professional corridors.
Financial Summary (Actual - 2024) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Net Operating Income |
-
|
-
|
Financial Summary (Actual - 2024) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Building Size
11,535 SF
Building Class
B
Year Built
1991
Price
$2,308,116 CAD
Price Per SF
$200.10 CAD
Cap Rate
7.19%
NOI
$165,938 CAD
Percent Leased
84%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
6,050 SF
Slab To Slab
10’
Building FAR
0.43
Lot Size
0.62 AC
Opportunity Zone
Yes
Zoning
SP - Office Professional
Parking
40 Spaces (4.16 Spaces per 1,000 SF Leased)
1 1
Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 0396-134-09 | Improvements Assessment | $1,230,600 CAD (2025) |
| Land Assessment | $474,449 CAD (2025) | Total Assessment | $1,705,050 CAD (2025) |
Property Taxes
Parcel Number
0396-134-09
Land Assessment
$474,449 CAD (2025)
Improvements Assessment
$1,230,600 CAD (2025)
Total Assessment
$1,705,050 CAD (2025)
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7.19% Cap Rate!!! Civic Center Office Bldg | 15490 Civic Dr
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