790 E Bonita Avenue in Pomona, CA
CBRE’s Investment Properties-SoCal/Phoenix/Vegas team is pleased to announce the sale of 790 E Bonita Avenue in Pomona, California, at a price of $6,850,000 ($311/PSF). The 22,055-SF building was 100% occupied at the time of sale with two prominent providers of medical services with durable cash flow. Chaparral Medical Group an 80-physician multi-specialty medical group, and Pacific Clinics a behavioral health and social services provider with over 60 locations in Southern California have long-term commitments to the Property and deep roots in the area.
Mark Shaffer, Gerard Poutier, Gary Stache, Anthony DeLorenzo, and Doug Mack of CBRE represented the seller, Kothari & Co. Inc. The buyer was Paras Properties LLC. The transaction received strong interest and multiple offers, reflecting great demand for assets with long-term, credit tenancy and durable cash flow.
Several of our recent transactions were conducted within a competitive bidding environment, resulting in strong investor interest and multiple offers from different 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.
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