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Global Medical REIT Claims Corona MOB

Bethesda, MD-based Global Medical REIT acquired a 42,000-square-foot, Class A medical office building located in Corona, CA for roughly $17 million. The property exchanged hands in a sale/leaseback transaction, and was sold by Circle City Medical Properties and RSS Moscoso.

Located at 2250 S. Main St., the MOB was built in 2009 and is 100% leased. The eight-tenant building is master-leased on a triple net basis to regional healthcare provider Citrus Valley Medical Associates for 12 years, with annual rental increases. The group practice specializes in allergy and immunology, family medicine, internal medicine, occupational medicine, cardiology and pediatrics.

Bear Real Estate Advisors’ Matt Bear represented the buyer. The sellers were advised by NAI Capital’s John Bosko.

Bear says, “This medical office building is well-located less than two miles from Corona Regional Medical Center, a 238-bed community hospital.”

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About Dennis Kaiser

Dennis Kaiser is Vice President of Content and Public Relations for Connect Commercial Real Estate. Dennis is a communications leader with more than 30 years of experience including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect’s client content operations and is involved in a range of initiatives ranging from content strategy, message development, copywriting, media relations, social media and content marketing services. In his most recent corporate communications roles, he led a regional public relations effort across Southern California for CBRE, played a key marketing role on JLL’s national retail team, and was responsible for directing the global public relations effort at ValleyCrest, the nation’s largest commercial landscape services company. In addition to his vast commercial real estate experience, Dennis has worked on communications and launch strategies for a number of residential projects such as Disney’s Celebration in Florida, Ritter Ranch in Palmdale California (7,200 homes, 22,000 acres), WaterColor in Florida and PremierGarage in Phoenix. Dennis’s agency background included firms such as Idea Hall and Macy + Associates. He has earned an outstanding reputation with organization leaders as a trusted advisor, strategic program implementer, consensus builder and exceptional collaborator. Dennis has developed and managed national communications programs for Fortune 500 companies to start-ups, both public and private. He’s successfully worked with journalists across the globe representing clients involved in major-breaking news stories, product launches, media tours, and company news announcements. Dennis has been involved in a host of charitable and community organizations including the American Cancer Society, Easter Seals, BoyScouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and Thunderbirds Charities.

  • ◦Sale/Acquisition