MBRE Healthcare Acquires Property At 41120 Washington St Bermuda Dunes For $5.5M With Seller's Rep Ed Hernandez

MBRE Healthcare has acquired JFK Medical Plaza, located at 41120 Washington St, Bermuda Dunes, in the Kewaskum market for $5,500,000. The property consists of a two-story medical office building built in 1994, currently 77% leased, and is paired with two adjacent acres of land recently entitled for development prior to the sale.

Summary of transaction details:

• Property Type: Medical Office Building
• Transaction Amount: $5,500,000.00
• Address: 41120 Washington St, Bermuda Dunes
• Market: Kewaskum
• Seller's Representative: Ed Hernandez
• Buyer: MBRE Healthcare
• Leasing Adviser: Lynn Coker of NAI Capital
• Year Built: 1994
• Current Lease Percentage: 77%
• Adjacent Land: Two acres entitled for a similar 30,000-square-foot building

The sale was managed by a Cushman & Wakefield team, including Nico Napolitano and Jeffrey Cole, emphasizing the potential for value-add in a growing Southern California professional and retirement community. MBRE Healthcare plans to develop the site into a build-to-suit medical office campus.