Mercury Casualty Sells Craftsman-Style Office Building In Rancho Cucamonga For $22.25M

A Craftsman-style office building spanning 127,000 square feet in Rancho Cucamonga has been sold for $22.25 million ($175/sf). The buyer, represented by Graham Gilles from The Hoffman Company, intends to convert the building into medical office space for San Antonio Regional Hospital, a regional healthcare provider based in Upland.

Summary of transaction details

• Property Type: Office
• Transaction Amount: $22,250,000
• Address: 11000 Eucalyptus Street, Rancho Cucamonga
• Market: Rancho Cucamonga
• Acres: 11.44
• Buyer's Representative: Graham Gilles - The Hoffman Company
• Seller's Representative: Gary Goodgame, Jeremy Dee & Max Browne - Kennedy Wilson Brokerage

The acquisition of the office building by San Antonio Regional Hospital for $22.25 million marks a significant move in their expansion plans. The buyer's representative, Graham Gilles from The Hoffman Company, facilitated the transaction between Mercury Casualty Company, the seller, and San Antonio Regional Hospital. Gilles' expertise in the medical real estate sector played a crucial role in securing the deal. The building's conversion to medical office space aligns with San Antonio Regional Hospital's goal of providing comprehensive healthcare services to the community.