18856 Highway 18
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18856 Highway 18
9,808 SF Office Building Apple Valley, CA 92307 $4,800,000 ($489/SF) 6% Cap Rate
Investment Highlights
- Located between the Providence St. Mary’s Hospital and City Hall – heart of the Town of Apple Valley on the major thorough fare – Highway 18. Great vi
- Occupied by single National Nasdaq listed MRI Group with 10 year lease plus 2 - 5 year options. True NNN Tenant.
- Single Use - NASDQ listed tenant – largest provider of MRI services in the United States.
- New build – freshly completed 10,005 square foot single story medical building.
- Low maintenance construction with concrete parking lot.
- 10 Year Lease with 2-3% CPI increase yearly. Ideal for 1031 Exchange.
Executive Summary
New build – freshly completed 10,055 square foot single story medical building.
Occupied by single National Nasdaq listed MRI Group with 10 year lease plus 2 - 5 year options.
Low maintenance construction with concrete parking lot.
Single Use - NASDQ listed tenant – largest provider of MRI services in the United States.
10 Year Lease with 2-3% CPI increase yearly
True NNN Tenant.
Ideal for 1031 Exchange.
Located between the Providence St. Mary’s Hospital and City Hall – heart of the Town of Apple
Valley on the major thorough fare – Highway 18. Great visibility and easy access.
Occupied by single National Nasdaq listed MRI Group with 10 year lease plus 2 - 5 year options.
Low maintenance construction with concrete parking lot.
Single Use - NASDQ listed tenant – largest provider of MRI services in the United States.
10 Year Lease with 2-3% CPI increase yearly
True NNN Tenant.
Ideal for 1031 Exchange.
Located between the Providence St. Mary’s Hospital and City Hall – heart of the Town of Apple
Valley on the major thorough fare – Highway 18. Great visibility and easy access.
Property Facts
Sale Type
Investment
Sale Condition
1031 Exchange
Property Type
Office
Property Subtype
Medical
Building Size
9,808 SF
Building Class
C
Year Built/Renovated
2022/2024
Price
$4,800,000
Price Per SF
$489
Cap Rate
6%
NOI
$288,000
Tenancy
Single
Building Height
1 Story
Typical Floor Size
9,808 SF
Building FAR
0.19
Lot Size
1.21 AC
Opportunity Zone
Yes
Zoning
GC - General Commercial
Amenities
- Air Conditioning
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PROPERTY TAXES
| Parcel Number | 0473-081-05 | Improvements Assessment | $2,290,000 |
| Land Assessment | $289,816 | Total Assessment | $2,579,816 |
PROPERTY TAXES
Parcel Number
0473-081-05
Land Assessment
$289,816
Improvements Assessment
$2,290,000
Total Assessment
$2,579,816
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18856 Highway 18
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