County Of Riverside Acquires Two Medical Office Buildings In Corona And Jurupa Valley For $53M

Riverside County acquired two fully leased medical office buildings located at 2813 South Main Street in Corona and 8876 Mission Boulevard in Jurupa Valley. The total transaction price was $53,000,000, with a price per square foot of $622 for the 85,204 square feet of space.

Summary of transaction details:

• Property Type: Medical Office
• Transaction Amount: $53,000,000
• Square Footage: 85,204
• Price per Square Foot: $622
• Buyer: The County of Riverside
• Seller: Family Office RIA
• Brokers: Travis Ives, Gino J. Lollio, and Tyler Morss - Cushman & Wakefield

The properties were sold approximately 24% below replacement cost, which demonstrates a strategic acquisition for the county, ensuring long-term control over investment-grade, purpose-built community health centers already occupied by Riverside County as a tenant.