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News Release: Just Sold – Value-Add Medical Office Project Trades for $4.1M in Redlands, CA

Terracina Medical Office Campus

Just Sold

CBRE’s Investment Properties-So Cal team is pleased to announce the sale of Terracina Medical Office, a 5-building project located at 345-395 Terracina Boulevard and 1619/1623 Laurel Avenue in Redlands, California. The multi-tenant project, totaling 16,765 square feet, transacted at a gross price of $4,100,000 ($245 PSF) and was 56% leased at the time of sale.

Gary Stache, Sammy Cemo, Doug Mack, Bryan Johnson and Michael Day of CBRE represented the seller, a private high-net-worth investor. The buyer was Redlands Community Hospital, a 229-bed hospital located directly across from the project.

Several of our recent transactions were conducted within a competitive bidding environment, resulting in strong investor interest and premium pricing. If you would like us to advise you on how to maximize the value of one of your assets, please give us a call.

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

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

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

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