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790 E Bonita Ave, Pomona, C...

Paras Properties LLC Acquires Property At 790 E Bonita Ave Pomona For $6.9M
SOLDMedical Office

Paras Properties LLC Acquires Property At 790 E Bonita Ave Pomona For $6.9M

790 E Bonita Ave, Pomona, CA, 91767

$6,900,000

$312/SF

Building Size

22,055 SF

Asset Type

Medical Office

Closing

Jan 13, 2020

AI

The medical office building located at 790 E Bonita Ave, Pomona, CA, is a two-story property constructed in 1988. It spans a total of 22,055 square feet and is fully leased by Chaparral Medical Group and Pacific Clinics. The transaction was completed for the price of $6,900,000. The property is situated on 2 acres in the Pomona market, and nearby are notable healthcare facilities, including Casa Colina Hospital and Pomona Valley Hospital Medical Center.

Summary of transaction details:

  • Property Type: Medical Office Building
  • Transaction Amount: $6,900,000.00
  • Address: 790 E Bonita Ave, Pomona, CA, 91767
  • Square Footage: 22,055
  • Seller's Representatives: Mark Shaffer (CBRE), Doug Mack (CBRE), Gary Stache (CBRE)
  • Buyer: Paras Properties LLC

The deal was overseen by a team from CBRE, which included Mark Shaffer, Anthony DeLorenzo, Gary Stache, and Doug Mack. This team has previously facilitated transactions in various real estate segments, including an industrial park sale in Oceanside, California, showcasing their extensive experience in the market.

Players

Doug Mack

CBRE

Broker

$251.1M

vol

20 deals

Broker

Pomona Medical Office Market Snapshot

Boundary boundary · Medical Office · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

2.30%

Cash-on-Cash

-0.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93