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15611 Pomerado Rd, Poway, C...

Palomar Health Sells Medical Office In Poway For $100M
SOLDOffice

Palomar Health Sells Medical Office In Poway For $100M

15611 Pomerado Rd, Poway, CA, USA

$100,000,000

$625/SF

Building Size

160,000 SF

Asset Type

Office

Closing

Jun 3, 2020

AI

The medical office located at 15611 Pomerado Rd. in Poway has been sold for a total price of $100,000,000. The property spans across 160,000 square feet, resulting in a price per square foot of $625. This transaction was completed on 06/03/2021.

Summary of transaction details

  • Property Type: Medical Office
  • Transaction Amount: $100,000,000
  • Address: 15611 Pomerado Rd.
  • Market: Poway

The seller of the medical office space was Palomar Health, specifically represented by Diane Hansen. The brokerage team from Cushman & Wakefield, consisting of Travis Ives, Gino Lollio, Scott Niedergang, and Joe Zurek, facilitated the sale of the property.

Players

Travis Ives

Cushman & Wakefield

Broker

$493.4M

vol

16 deals

Broker

Poway Office Market Snapshot

Boundary boundary · Office · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.16%

Cash-on-Cash

-0.05%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93