County Of Riverside Acquires Two Medical Office Buildings In Corona And Jurupa Valley For $53M
California
See Similar DealsCounty Of Riverside Acquires Two Medical Office Buildings In Corona And Jurupa Valley For $53M
2813 South Main Street & 8876 Mission Boulevard
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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.
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