Property History
Marcus & Millichap is pleased to present 15980 Bear Valley Road, Victorville, CA. This offering presents a compelling
opportunity to acquire a well-located medical office property in Southern California anchored by The Oncology
Institute (NASDAQ CM: TOI), a leading provider of oncology services.
15980 Bear Valley Rd is a 4,330-square-foot single-tenant medical office building on 0.95 acres, built in 1999 and
had undergone a complete renovation in 2017. This site has room for facility expansion or additional improvements
to be constructed on-site adding add-value opportunity and a higher probability of tenant retention. The building
is fully occupied by The Oncology Institute, providing a stable, long-term lease structure with a publicly traded
healthcare provider. Additionally, the property generates passive income from a Cingular Wireless satellite pole,
further diversifying its revenue stream. Positioned along a highly visible and accessible corridor, the property benefits
from strong demand for medical office space in Victorville’s expanding healthcare sector. In 2017, ownership installed
new electrical, roofing, fire sprinkler, plumbing, parking lot, landscaping, and construction of new radiation oncology
vault.
This property offers investors a unique opportunity to acquire healthcare-anchored asset in growing submarkets with
strong tenant stability. The presence of essential service providers, including a publicly traded medical group, ensures
consistent occupancy and reliable cash flow. Additionally, the combination of a strategic location within established
medical and retail hubs further supports long-term tenant demand. Medical office buildings remain one of the most
resilient asset classes in commercial real estate, and this asset presents an attractive, income-producing investment
with institutional-quality tenancy and long-term growth potential.
Modified Gross Lease Structure
• 3% Annual Rental Increases for the Oncology Institute
• Two, Four Year Renewal Options
• Leading Provider of Oncology Services
• Stable Tenant in a Growing Submarket
• 1.3 miles from Desert Valley Hospital 148-Bed Acute Care Hospital
Loan History
Financial History
Tax History
Contact Information
Ownership Information
Property Details
Contacts
Map
Comparable Properties
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