Park Plaza Medical Office Building — 1776, 1782 & 1790 W. Park Avenue • Redlands, CA
Kingsbarn Real Estate Capital is pleased to present a
premier, Southern California, medical office building structured as a Delaware
Statutory Trust (DST). Located at 1776, 1782 & 1790 W. Park Avenue, Redlands,
CA, these two buildings contain ± 53,325 rentable square feet and is known as
Park Plaza Medical Office Building. The Property is 99% leased to Loma Linda
University Health Care (“Loma Linda” or “LLUHC”), a major academic medical center
that operates 1,077 beds across six hospitals and provides training to thousands of
students and residents each year.
Park Plaza Medical Office Building was built in 2007 and is situated on a
± 3.53-acre parcel. It provides great access to the San Bernardino (I-10) and
Foothill (SR-210) freeways. Less than 10-minutes away from Downtown Redlands,
it is within proximity to numerous amenities including restaurants, retail, and parks.
In 2018, Loma Linda originally identified the Property as an opportunity to expand
their Behavioral Medical Center (“BMC”) MEND Program in the Redlands market.
The MEND Program is designed to support patients by maintaining or regaining
emotional health and balance during a significant medical illness or treatment.
Therapists and clinicians at this facility provide a nurturing environment for patients
and their families during organ transplantation, diabetes, and chemotherapy, as
well as those coping with asthma, cystic fibrosis, kidney disease, seizures, and other
chronic illnesses.
Redlands, also known as “The City of Millionaires,” is located at the base of the San
Bernardino mountains, 60 miles northeast of Los Angeles, and 45 miles west of Palm
Springs. Its prime location Redlands offers easy access to hiking and biking trails, an
eclectic array of quaint shops, historic architecture, and a variety of local restaurants.
Loma Linda University Health (LLUH), founded in 1905, is a global leader in education, research and clinical care. It includes Loma Linda University’s eight
professional schools, Loma Linda University Medical Center’s six hospitals and more than 900 faculty physicians located in the Inland Empire of Southern
California. It’s over 100 academic programs and provides quality health care to 53,000 inpatients and 1.9 million outpatients each year. It serves as the only
Level I trauma center for a region that covers more than 25 percent of California. It has a total of 1,077 licensed hospital beds. LLUH had a $162.4 million in total revenues and $54.5 million in total assets.
