Moreno Valley Medical Plaza
CBRE’s Investment Properties-SoCal/Phoenix team is pleased to announce the sale of Moreno Valley Medical Plaza, located at 22555 Alessandro Boulevard in Moreno Valley, California, at a gross sale price of $6,998,800 ($479/SF). The single-story medical office building, built in 2007, is 100% leased to DaVita and Nephrology Associates Medical Group. The investment’s NNN leases offer new ownership an exceptional ease of management and durable cash flow.
Sammy Cemo, Gary Stache, Anthony DeLorenzo, Doug Mack, Bryan Johnson and John Oien of CBRE represented the seller, a private investor. The buyer, a private investor, was represented by an outside broker. The transaction received strong interest and multiple offers, reflecting great demand for assets that require minimal management while providing steady passive income.
Several of our recent transactions were conducted within a competitive bidding environment, resulting in strong investor interest and multiple offers from different channels. Furthermore, our deal flow in the past month demonstrates sustained appetite from investor for commercial real estate. 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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Specializing in the sale of Office, Medical Office, and Industrial properties in the Pacific West.
Since 2015, our team has sold 270 transactions valued in excess of $3.89 billion.
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