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California  + Inland Empire  + Healthcare  | 

County of Riverside Acquires Two MOBs for $53M

Cushman & Wakefield arranged the sale of two fully leased, institutional-quality medical office buildings totaling 85,204 square feet in Riverside County. The properties, located at 8876 Mission Blvd. in Jurupa Valley and 2813 S Main St. in Corona, sold for $25,000,000 and $28,000,000, respectively.

A Cushman & Wakefield Healthcare Capital Markets Team of Travis Ives, Gino Lollio and Tyler Morss represented the seller. The properties were acquired by the County of Riverside, the tenant in both buildings.

“Medical buildings with investment-grade tenancy and longer lease terms present attractive acquisition opportunities for a wide variety of investor types,” said Ives. “In this case, Riverside County was the logical buyer, considering their dedication to operating out of these properties long-term and the opportunity to acquire at a significant discount to replacement.”

Both properties are 100% leased to the County of Riverside d/b/a Riverside University Health System.

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

  • ◦Sale/Acquisition
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