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CushWake Brokers Sale of Coachella Valley MOB to MBRE Healthcare

MBRE Healthcare has acquired JFK Medical Plaza and adjacent land in the Coachella Valley from Omni West Group for $5.5 million. Built in 1994, JFK Medical Plaza is located at 41120 Washington Street, a regional corridor for the affluent Bermuda Dunes neighborhood.

A Cushman & Wakefield team of Nico Napolitano, Jeffrey Cole and Ed Hernandez handled the sale, with NAI Capital’s Lynn Coker serving as leasing adviser. MBRE plans to develop the site as a build-to-suit medical office campus.

According to Napolitano, “JFK Medical Plaza offered a newer vintage, professionally maintained medical office asset in a growing Southern California professional and retirement community with stable tenancy as well as tremendous value-add potential.”

The two-story medical office building (MOB) is currently 77% leased and paired to two adjacent acres of land, recently entitled by the County of Riverside prior to the sale for a similar 30,000-square-foot building.

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