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Inland Empire Medical Office Trades in 1031 Exchange
Holt Medical Center, a medical office property located in Montclair, was purchased by a private investor for $3.8 million. The property was acquired from an Orange County-based private investor in a 1031 exchange.
Located at 5153 Holt Blvd., the 12,453-square-foot property was originally built in 2006. At the time of sale, the two-story building was fully occupied by seven tenants with a weighted average lease term remaining of 5.02 years.
Sammy Cemo, Anthony DeLorenzo, Gary Stache, Doug Mack, Bryan Johnson and John Oien of CBRE represented the seller, while an outside broker represented the buyer.
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- ◦Sale/Acquisition
