790 East Bonita Ave., Pomona, CA
JUST SOLD
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.
Mark Shaffer
Lic. 01705763
+1 858 546 4622
matt.pourcho@cbre.com
Gerard Poutier
Lic. 02035565
+1 818 907 4629
gerard.poutier@cbre.com
Gary Stache
Lic. 00773736
+1 949 725 8532
gary.stache@cbre.com
Anthony Delorenzo
Lic. 01706686
+1 949 725 8425
anthony.delorenzo@cbre.com
Doug Mack
Lic. 01804065
+1 949 725 8571
doug.mack@cbre.com
Specializing in the sale of Office, Medical Office, and Industrial properties in Southern California.
Since 2015, our team has sold 265 transactions valued in excess of $3.74 billion.
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
