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SAC Health Acquires Office In San Bernardino For $35.25M With Buyer's Rep Lon Mapes

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SOLD
$35,250,000

California

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SAC Health Acquires Office In San Bernardino For $35.25M With Buyer's Rep Lon Mapes

1003 E Brier Dr, San Bernardino, CA...

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Summary

CALIFORNIA
Asset Type:Office
Transaction Type:Sale

The former Wells Fargo regional headquarters building, located at 1003 E. Brier in San Bernardino, CA, has been purchased by SAC Health for $35,250,000. The property will be transformed into the SAC Health – Brier Campus, the 12th location in their network of campuses and clinics. Renovations are scheduled to commence soon to adapt the space for medical use, with plans underway to determine the range of services that will be provided at the new campus.

Summary of transation details:

  • Property Type: Office
  • Transaction Amount: $35,250,000.00
  • Buyer: SAC Health
  • Buyer's Representative: Lon Mapes (LDM Commercial)
  • Seller: Undisclosed
  • Address: 1003 E Brier Dr, San Bernardino, CA
  • Market: San Bernardino

Lon Mapes, the president of LDM Commercial, represented SAC Health in the transaction, facilitating the acquisition of the former Wells Fargo building. He noted that the property became available at an opportune moment when SAC Health was seeking to expand its presence. Sean Fulp, the vice chairman at Colliers, acted as the seller's representative in the deal, ensuring a successful transaction for both parties involved.

Players

Lon Mapes
4 deals$114.7M volume
BROKER

BUYER

Details

SOLD
IMAGE: 1003 E Brier Dr, San Bernardino, CA... MARKET: San Bernardino ASSET TYPE: Office BUYER'S REP: Lon Mapes(LDM Commercial) BUYER: SAC Health SELLER: Undisclosed PRICE: $35,250,000.00

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Debt Service Coverage Ratio (DSCR)

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Cap Rate

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