Latham Medical Plaza
4361 Latham St., Riverside, CA
CBRE’s Investment Properties-SoCal/Phoenix/Vegas team is pleased to announce the sale of Latham Medical Plaza, at 4361 Latham Street in Riverside, California, for $7.85 million. The 31,201 square-foot, two-story building was originally built in 1991. DaVita Dialysis, who occupies nearly half of the rentable area and has been operating at the location since 1992, recently signed a 10-year lease extension. Latham Medical Plaza was 66 percent leased at the time of sale.
Anthony DeLorenzo, Sammy Cemo, Gary Stache, Doug Mack and Bryan Johnson of CBRE represented the seller, Jolish Latham, LLC and Latham ZG, LLC, San Francisco based private investors. The buyer was JKI Investment. “Located only minutes away from Riverside Community Hospital, the property has an intrinsic value that is incredibly desirable for any physician looking for new space in the Riverside area,” said Cemo.
We continue to observe strong transaction activities despite COVID headwinds. Several of our recent transactions were conducted within a competitive bidding environment, resulting in strong investor interest and multiple offers from different channels and across the United States. 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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