Magnolia Centre

299 West Foothill Boulevard, Upland, CA 91786

Property Information

  • For Sale $8,480,000
  • Property Type Office - Medical Office
  • Property Size 36,870 SF
  • Lot Size 2.16 Acre
  • Parking Spaces Avail. 170
  • Parking Ratio 4.60 / 1,000 SF
  • Property Tenancy Multi-Tenant
  • Building Class B
  • Year Built 1987
  • Year Renovated 2018
  • Date Updated Oct 23, 2026

Description

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.

Highlights

  • 1.5 Mile from San Antonio Regional Hospital - 370,000 SF Acute-Care w/ 363 Licensed Beds
  • 31% of Building Occupied by Select Therapy (NYSE: SEM) & OptumCare (NYSE: UNH)
  • 36,870 SF Medical/Professional Office Investment
  • 95% Occupied Investment w/ Additional Cell Tower Income
  • Almost 50% of Building Leased to 4 Medical Tenants w/ Average Tenure of 21 years
  • Conveniently located Just Minutes from Both 210 and 10 Freeways
  • Dense Area w/ Over 380,000 Population and Over $115K Average HH Income within 5 Mile Radius
  • Dynamic Location within Iconic Route 66 Retail Corridor on Foothill Boulevard - Over 54,000 Vehicle Trips Daily
  • Long Term Steady Tenancies Proving Strong Market Fundamentals
  • Staggered Lease Expirations Provides for Stable Income
  • Well Priced Below Replacement Cost at $229/SF

Contacts

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