Western University Of Health Sciences Purchases Mixed-Use Property In Pomona For $2.98M

The transaction involves the sale of a mixed-use property located at 150-196 East 3rd Street & 345 South Locust Street in Pomona, California. The asset consists of retail space and residential lofts, covering a total of 27,980 square feet. The sale price was $2,980,000, which translates to a price per square foot of $107.

Summary of transaction details:

• Property Type: Mixed-use
• Transaction Amount: $2,980,000
• Square Footage: 27,980
• Address: 150-196 East 3rd Street & 345 South Locust Street
• Market: Pomona
• Buyer: Western University of Health Sciences
• Seller: Private investor based in Los Angeles
• Brokers: Roxy Klein & Greg Bedell - Progressive Real Estate Partners

Western University of Health Sciences acquired the property with plans to incorporate it into its expanding campus. The sale was facilitated by Roxy Klein and Greg Bedell from Progressive Real Estate Partners, highlighting their role in this commercial real estate transaction.