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
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