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
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