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News Release: Just Sold – Two-Tenant Medical Office Project Trades for $498 PSF in Corona, CA

Corona Medical Center

Just Sold

CBRE’s Investment Properties-So Cal team is pleased to announce the sale of Corona Medical Center, located at 2057 Compton Avenue in Corona, California, at a gross price of $5,150,000 ($498 PSF) that reflects a year one cap rate of 5.89%. The two-tenant project totals 10,340 square feet and was 100% leased at the time of sale.

Gary Stache, Anthony DeLorenzo, Doug Mack, Sammy Cemo, Bryan Johnson and John Oien of CBRE represented the seller, a private high-net-worth investor. The buyer, a private investor who was in a 1031 exchange, was represented by an outside broker.

Several of our last transactions have involved 1031 exchange buyers who were sourced through multiple channels. If you would like us to advise you on how to maximize the value of one of your assets, please give us a call.

Anthony Delorenzo
Lic. 01706686
+1 949 725 8425
anthony.delorenzo@cbre.com

Gary Stache
Lic. 00773736
+1 949 725 8532
gary.stache@cbre.com

Doug Mack
Lic. 01804065
+1 949 725 8571
doug.mack@cbre.com

Sammy Cemo 
Lic. 01958704
+1 909 418 2043
sammy.cemo@cbre.com

Bryan Johnson 
Lic. 02018612
+1 949 809 3762
bryan.johnson@cbre.com

Specializing in the sale of Office, Medical Office, and Industrial properties in the Pacific West.

Since 2015, our team has sold 221 transactions valued in excess of $3.2 billion.

CAPITAL MARKETS  |  INVESTMENT PROPERTIES

 

 

 

 

 

 

 

 

 

 

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