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Healthcare REIT Welltower Acquires 15-acre Medical Office Campus In Beaumont, CA From Loma Linda University

Property Image
SOLD
$37,900,000

California

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Medical Office95,590 SF
Sold 08/07/2023
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SOLD

Healthcare REIT Welltower Acquires 15-acre Medical Office Campus In Beaumont, CA From Loma Linda University

81 Highland Springs Ave Beaumont, CA 92223, USA

See Similar Deals
Medical Office95,590 SF
Sold 08/07/2023
the dealplayerscompscontact
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Summary

CALIFORNIA
Asset Type:Medical Office
Price Per Square Foot:$396
Total Square Footage:95,590 SF
Transaction Type:Sale

Healthcare REIT Welltower has acquired a medical office campus in Southern California from Loma Linda University for $37.9 million. The campus, located at 81 Highland Springs Avenue in Beaumont, spans 15 acres and comprises a total of 95,590 square feet. The Class A campus is currently 78% leased and houses multiple medical departments and facilities.

Summary of transaction details:

  • Property Type: Medical Office
  • Transaction Amount: $37,900,000
  • Address: 81 Highland Springs Avenue, Beaumont
  • Market: Beaumont
  • Acres: 15
  • SF: 95,590
  • Buyer: Welltower - Swagat Banerjee
  • Seller: Loma Linda University
  • Brokers: Lon Mapes - LDM Commercial; CBRE

The deal was facilitated by Lon Mapes from LDM Commercial and CBRE. Welltower, a healthcare real estate investment trust, made the acquisition to expand its portfolio in the medical office space. Loma Linda University, the seller in the transaction, recognized the opportunity to divest this asset while ensuring the continued delivery of quality healthcare services at the campus.

Players

Lon Mapes
LDM Commercial
Lon Mapes
4 deals$114.7M volume
BROKER
Welltower
Welltower
BUYER

Details

SOLD
IMAGE: Lon Mapes DATE: 08/07/2023 ADDRESS: 81 Highland Springs Avenue MARKET: Beaumont ASSET TYPE: Medical Office ~ ACRES: 15 BUYER: Welltower - Swagat Banerjee SELLER: Loma Linda University BROKERS: Lon Mapes (@Lon_Mapes) - LDM Commercial; CBRE (@CBRE) SALE PRICE: $37,900,000 SF: 95,590 ~ PPSF: $396 NOTE: Healthcare REIT Welltower purchased a 95,590-square-foot medical office campus in Southern California from Loma Linda University for $37.9 million. The Class A campus is 78% leased and includes multiple medical departments and facilities.

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