Holt Medical Center
CBRE’s Investment Properties-California/Arizona/Nevada team is pleased to announce the sale of Holt Medical Center, located at 5153 Holt Boulevard in Montclair, California, for $305 PSF. The 12,453-square-foot property was originally built in 2006 on a 1.03-acre lot. The single-story building was 100 percent leased to seven tenants at the time of sale, with a weighted average lease term remaining of 5.02 years.
Sammy Cemo, Anthony DeLorenzo, Gary Stache, Doug Mack, Bryan Johnson and John Oien of CBRE represent the seller, an Orange County-based private investor. The buyer, a private investor, was completing a 1031 exchange.
“Healthcare real estate has proven its resiliency during turbulent times, which have fueled investor interest in this product type,” said Cemo. “Holt Medical Center is a very stable asset in a strong medical office market; it is strategically located within a 15-minute drive from six major medical hospitals.”
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