CBRE Arranges Second California MOB Sale in a Week

The 14,616-square-foot medical office property is located in Moreno Valley, Calif.
22555 Alessandro Blvd. Image via Google Street View

Days after facilitating a San Diego MOB deal, CBRE has brokered the $7 million sale of a 14,616-square-foot medical office property in Moreno Valley, Calif.

The CBRE team of Sammy Cemo, Gary Stache, Anthony DeLorenzo, Doug Mack and Bryan Johnson assisted the seller, a private investor, in the disposition. Terry Okuyama of Berkshire Hathaway negotiated on behalf of the buyer, Centurion Fuchigami International Inc.

Located at 22555 Alessandro Blvd., the single-story building was 100 percent leased at the time of sale, with dialysis provider DaVita as the main tenant. The property is 4 miles southwest of the city center and 5 miles west of Riverside University Health System Medical Center. The Canyon Springs Healthcare Campus, a 50-acre development in Riverside that is to include a hospital as well as senior housing and skilled nursing facilities, is also located nearby.

In January, a CBRE team including Stache, DeLorenzo and Mack arranged the $6.9 million sale of a medical office building in Pomona, Calif. The 22,055-square-foot asset was also fully leased at the time of closing.

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