Current Offerings — Park Plaza Medical Office Building

Park Plaza Medical Office Building

CLASS “A”, TWO-BUILDING CAMPUS LOCATED IN REDLANDS, CALIFORNIA —
CALIFORNIA’S BEST-GROWTH MARKET FOR SEVEN STRAIGHT YEARS

Leased to Loma Linda University Health Center - A global leader in education, research and clinical care


± 53,325 Rentable Square Feet

Management-Free Investment Opportunity

Monthly Cash Flow: 6.00% (Projected, Year 1)1

100% Occupancy

Escalating Rental Increases

Minimum Investment: $250,000

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.



FINANCIAL SUMMARY

Offering Price:

$21,500,000

Loan Amount:

$10,000,000

Equity Offering:

$11,500,000

Projected Cash Flow (Year 1)1:

6.00%

Minimum Investment:

$250,000

INVESTMENT HIGHLIGHTS

6.00% Projected Cash Flow (Year 1)1

Long-Term Leases

No Loan Liability to DST Investors

Flexible Equity Investments Starting at $250,000

Passive Income, Freedom from Property Management

1031 Exchange Eligible


About Loma Linda University Health Center

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.

 

Redlands, CA Market Overview

Park Plaza Medical Office Building is located in Redlands, California, a City in San Bernardino County. It is a part of the Greater Los Angeles area. The city is located approximately 10 miles east of downtown San Bernardino, 63 miles east of Los Angeles, 110 miles north of San Diego, and 500 miles southeast of San Francisco.Redlands has it all—a historic downtown, regional retail centers with freeway visibility, medium-to-large-sized industrial and manufacturing sites, and Class A development opportunities.

 

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Contact us about this investment opportunity at 800.242.1000


Jeff Farnsworth

Regional VP,
Bay Area North

Office: 415.879.9000
Cell: 801.702.7887
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James Yoder

Regional VP,
Bay Area South

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Cell: 408.910.7707
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Katelen Weisenberger

Regional VP, Central California
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Cell: 559.916.9035
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Louie Goros

Regional VP,
Los Angeles - South

Office: 424.343.9000
Cell: 630.247.5881
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Alex Hardick

Regional VP,
Los Angeles - North

Office: 424.343.9000
Cell: 951.225.5358
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Matt Ayer

Regional VP,
Orange County

Office: 562.452.9000
Cell: 818.232.1050
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James Rossi

Regional VP,
San Diego

Office: 858.240.9000
Cell: 412.260.6034
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Steve Han

Vice President,
Asia-Pacific

Office: 562.452.9000
Cell: 626.523.1682
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