Magnolia Centre

Known as The City of Gracious Living, the City of Upland has ample opportunities to encourage business expansion. Its present strength as the up-and-coming retail hub of the Inland Empire is attracting new retailers and businesses from all sectors of the economy. Due to Upland’s central location in Southern California and the City’s inno-vative business assistance programs, the City fosters an economic climate that are both appealing and attracting to restaurants, retail, professional services, light industrial and manufacturing companies; everything from small start-ups to Fortune 500 companies. Upland is strategically located at the western-most edge of San Bernardino County adjacent to Los Angeles County. This proximity to Los Angeles affords the City the moniker of Gateway to the Inland Empire. Upland is also conveniently accessible to transit via the I-10, I-15 and 210 highways, the Ontario International Airport and Metrolink’s vast public transportation network. Spanning over 15.6 square miles of the Inland Empire, Upland is characterized by attractive neighborhoods, quality public schools, desirable housing and high quality shopping centers, all which contribute to the City’s allure. Upland offers retailers an ideal customer base, with an average family household income of $127,491 and a younger continually growing population. Upland’s diverse demographics solidify a strong basis for any new business expansion, such as restaurant, retail and entertainment or light industrial and manufacturing. This economic vitality offers significant opportunities to site selectors with Upland’s residents spending over $1 billion per year on retail goods and services. Retail leakage demonstrates a high demand for more quality retailers in Upland.NAI Capital, as exclusive advisors to ownership, is proud to present for sale the Magnolia Centre. This is a 95% occupied multi-tenant medical and professional office investment opportunity located in the city of Upland within the iconic Route 66. The 1987 construction building is approximately 36,870 square feet and is situated on a 2.16-acre parcel. The lot offers ample parking including surface and covered parking at a ratio of 4.6 per 1,000. The two-story building is elevator served and well maintained. This asset consists of 12 tenants, 2 cell towers and 1 move-in ready vacancy of 1,564 square feet. Half of the occupied spaces are leased to medical uses who have been operating in the building between 10 years to 27 years. The tenancy is ideal for an investor looking for a secure investment with dependable cashflow. The Magnolia Centre is located on the Route 66 retail corridor along Foothill Boulevard just south of the 210 Freeway and north of the 10 Freeway. This 4-mile stretch is a dynamic area offering a mix of commercial, retail, and residential, making it an attractive investment opportunity. Major anchor tenants include: Vons, Sprouts, Stater Bros, Amazon Fresh, Walmart Bolero, 24 Hour Fitness, Burlington, Ross, Lowe's and more. This investment is just 1.5 miles from the San Antonio Regional Hospital ("SARH"). As a full service acute medical center, SARH offers over 370,000 SF of facilities and 363 licensed beds. Founded in 1907, SARH offers a comprehensive range of general medical and surgical services, along with cardiac care, cancer care, orthopedics, neurosciences, women’s health, maternity and neonatal care, and emergency services. SARH also owns several satellite facilities throughout the surrounding community including Rancho San Antonio Medical Plaza in the city of Rancho Cucamonga, Sierra San Antonio Medical Plaza in the city of Fontana, and Eastvale San Antonio Medical Plaza in the city of Eastvale, effectively giving them a regional monopoly