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3/30/20
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Highland Springs Medical Arts Building, a 14.8k sf medical office building in Beaumont, was purchased by a private, 1031 exchange investor for $3 mil, or $203/sf. The property is located at 701 Highland Springs Ave.
Highland Springs Medical Arts Building is in a central location across the street from San Gorgonio Memorial Hospital. It is a 12-unit, medical building with a state of the art camera security system, new landscaping, and a recently redone large parking lot complete with ADA compliant ramps, LED lights, and new trash enclosure. At the time of the sale, the property was fully leased.
Marc Piron with NAI Capital’s Investment Services Group represented the buyer in the transaction.
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