facebook
Traded Co logo
Submit
Daily limit: 0/10

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

Property Image
SOLD
$53,000,000

California

See Similar Deals
Medical Office170,408 SF
Sold 02/06/2026
the dealplayerscompscontact
Property Image
SOLD

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

2813 South Main Street & 8876 Mission Boulevard

See Similar Deals
Medical Office170,408 SF
Sold 02/06/2026
Contact now

Summary

CALIFORNIA
Asset Type:Medical Office
Price Per Square Foot:$311
Total Square Footage:170,408 SF
Transaction Type:Sale

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.

Players

Travis Ives
16 deals$493.4M volume
BROKER

Gino J. Lollio
Cushman & Wakefield
15 deals$482.4M volume(312) 338-7061
BROKER

Tyler Morss
Cushman & Wakefield
10 deals$312.3M volume(212) 709-0805
BROKER

Details

SOLD
IMAGE: Travis Ives, Gino J. Lollio & Tyler Morss DATE: 02/06/2026 ADDRESS: 2813 South Main Street & 8876 Mission Boulevard MARKET: Corona & Jurupa Valley ASSET TYPE: Medical Office BUYER: The County of Riverside SELLER: Family Office RIA BROKERS: Travis Ives, Gino J. Lollio & Tyler Morss - Cushman & Wakefield (@CushWake) SALE PRICE: $53,000,000 SF: 85,204 ~ PPSF: $622 NOTE: Riverside County acquired two fully leased medical office buildings totaling 85,204 square feet in Jurupa Valley and Corona for $53M ($622/sf) in early February 2026, buying assets it already occupied as tenant.Family Office RIA sold the properties—represented by Cushman & Wakefield’s Travis Ives, Gino Lollio, and Tyler Morss—at roughly 24% below replacement cost, securing long-term control for the county over investment-grade, purpose-built community health centers

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$2,826,666.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$188,297.80
Cash-on-Cash Return-1.27%
Monthly Debt Service$251,247.04
Annual Debt Service$3,014,964.47