Laguna Vista Office | 11441-11481 Heacock St
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Laguna Vista Office 11441-11481 Heacock St
30,243 SF 100% Leased Office Building Moreno Valley, CA 92557 $4,650,000 ($154/SF) 7.07% Cap Rate
Executive Summary
• Well-Manicured Landscaping: the landscaping has been thoughtfully maintained over the years. The beautifully manicured, tranquil landscaping creates a peaceful environment for patients and staff.
• Ample Parking: The Laguna Vista Professional Plaza has abundant parking, the 135 parking spaces are sufficient to accommodate staff and visitors of the tenants’ busy practices.
• Prominent Visibility: the property with over 660 feet of frontage on Heacock Street and excellent signage is ideal for attracting clients and businesses.
• Strong Market: Moreno Valley is a growing market with expanding healthcare, logistics, and retail sectors.
• Established Tenancy: 48% of the businesses have been at the property for over 27 years. Dr. Rynerarson, Loma Linda Healthcare, North Heacock Dental Group, Aspen Medical Group, Dr. Lim, DDS, Farmer’s Insurance, Dr. Kent, and Dr. Dong S Kim, MD all have been at the property since the seller acquired it in 1997.
• Below Market Rents with Upside Potential: 26% of the occupancy is well below market rent. There is significant opportunity for future rental growth potential.
• Ample Parking: The Laguna Vista Professional Plaza has abundant parking, the 135 parking spaces are sufficient to accommodate staff and visitors of the tenants’ busy practices.
• Prominent Visibility: the property with over 660 feet of frontage on Heacock Street and excellent signage is ideal for attracting clients and businesses.
• Strong Market: Moreno Valley is a growing market with expanding healthcare, logistics, and retail sectors.
• Established Tenancy: 48% of the businesses have been at the property for over 27 years. Dr. Rynerarson, Loma Linda Healthcare, North Heacock Dental Group, Aspen Medical Group, Dr. Lim, DDS, Farmer’s Insurance, Dr. Kent, and Dr. Dong S Kim, MD all have been at the property since the seller acquired it in 1997.
• Below Market Rents with Upside Potential: 26% of the occupancy is well below market rent. There is significant opportunity for future rental growth potential.
Property Facts
Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
30,243 SF
Building Class
B
Year Built
1988
Price
$4,650,000
Price Per SF
$154
Cap Rate
7.07%
NOI
$328,665
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
8,000 SF
Slab To Slab
12’
Building FAR
0.22
Lot Size
3.15 AC
Zoning
RA
Parking
135 Spaces (4.46 Spaces per 1,000 SF Leased)
PROPERTY TAXES
| Parcel Number | 264-060-009 | Improvements Assessment | $4,808,824 |
| Land Assessment | $1,838,825 | Total Assessment | $6,647,649 |
PROPERTY TAXES
Parcel Number
264-060-009
Land Assessment
$1,838,825
Improvements Assessment
$4,808,824
Total Assessment
$6,647,649
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Laguna Vista Office | 11441-11481 Heacock St
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