Offering Summary:
Property Address – 3110 Chino Avenue, Chino Hills, CA
Price – $16,500,000
Project Size – ±40,279
Leveraged Cash on Cash – In-Place (91% Occupied): 6.94%
Pro Forma (95% Occupied) – 7:45%
Investment Highlights
Best-In-Class Medical Office Investment Opportunity Offering Exceptional Stabilized Cash Flow Of 7.45%
- The Property’s anchor tenant is Pomona Valley Hospital Medical Center (PVHMC), which has been the Property’s tenant since 2007 recently extended their lease for 10 years. They occupy 36% of the Property’s footprint.
- The Chino Hills medical office market is comprised of 14 medical office buildings, totaling 469,830 square feet. At the end of Q4 2017, direct vacancy was 3.5% among competing properties, with occupancy levels of 90% or better for 19 of the previous 20 quarters.
- The Property is part of Crossroads Entertainment Center, a 32-acre mixed-use development with abundant retail amenities that drive a tremendous amount of traffic to the center. Some of the onsite retailers include Starbucks, Buffalo Wild Wings, Prestige Preschool Academy, and Harkins Theatres.
Contact Us
| Gary Stache Lic. 00773736 +1 949 725 8532 gary.stache@cbre.com
|
Anthony DeLorenzo Lic. 01706686 + 1 949 725 8425 anthony.delorenzo@cbre.com
|
Sammy Cemo | Inland Empire Lic. 01958704 + 1 909 418 2043 sammy.cemo@cbre.com
|
| Christopher Bodnar Capital Markets – Healthcare Lic. 01892501 + 1 303 628 1711 chris.bodnar@cbre.com
|
Shaun Moothart Debt & Finance Lic. 01773201 + 1 949 509 2111 shaun.moothart@cbre.com
|
Doug Mack Lic. 01804065 + 1 949 725 8571 doug.mack@cbre.com
|
| Bryan McKenney Local Market Specialist Lic. 01505792 +1 949 478 0087 bmckenney@cypresswestpartners.com
|
||
Specializing in the Sale of Office, Medical Office and Industrial Properties in Southern California
The full content of this article is only available to paid subscribers. If you are an active subscriber, please log in. To subscribe, please click here: SUBSCRIBE
