By eporter on October 4, 2024
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Transaction Highlights
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Date Financed
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9/26/2024
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Interest Rate
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5.69% / Bank / Non-recourse
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Size
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44,000 SF
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Occupancy
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100%
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WALT
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14 Years
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El Centro FQHC | El Centro, CA
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CBRE U.S. Healthcare Capital Markets is pleased to announce the financing of the El Centro El Centro FQHC (the “Property”), a 44,000 SF, 100% leased to Innercare, a private, non-profit organization that provides a variety of comprehensive primary care services. Zack Holderman and Jesse Greshin worked on behalf of the borrower to secure the debt.The single-tenant, net-lease Property spans two-stories and offers over 14 years of WALT. At the premises, Innercare offers a wide range of medical services, including pediatrics, radiology, pulmonology, orthopedic, OBGYN and more. Located just off Interstate 8 in El Centro, California, the MOB benefits from excellent visibility and close proximity to stores such as Home Depot, Best Buy, Petco and more.
CBRE negotiated a 60% LTV loan with a premier lender who offered three years of interest only, flexible prepayment at a highly competitive interest rate.
For more information, or if we can help with your healthcare real estate portfolio, please contact us.
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Posted in Breaking News, Companies & People, Outpatient Projects
