
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.”
For comments, questions or concerns, please contact Dennis Kaiser
- ◦Sale/Acquisition