December 10, 2019 Comments Off on CushWake Brokers Sale of Coachella Valley MOB to MBRE Healthcare Views: 492 California News, Inland Empire

CushWake Brokers Sale of Coachella Valley MOB to MBRE Healthcare

MBRE Healthcare has acquired JFK Medical Plaza and adjacent land in the Coachella Valley from Omni West Group for $5.5 million. Built in 1994, JFK Medical Plaza is located at 41120 Washington Street, a regional corridor for the affluent Bermuda Dunes neighborhood.

A Cushman & Wakefield team of Nico Napolitano, Jeffrey Cole and Ed Hernandez handled the sale, with NAI Capital’s Lynn Coker serving as leasing adviser. MBRE plans to develop the site as a build-to-suit medical office campus.

According to Napolitano, “JFK Medical Plaza offered a newer vintage, professionally maintained medical office asset in a growing Southern California professional and retirement community with stable tenancy as well as tremendous value-add potential.”

The two-story medical office building (MOB) is currently 77% leased and paired to two adjacent acres of land, recently entitled by the County of Riverside prior to the sale for a similar 30,000-square-foot building.

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