January 15, 2020 Comments (0) Views: 274 California News, San Diego

PSRS Secures $11M for Chula Vista MOB Conversion

San Diego-based Pacific Southwest Realty Services (PSRS) has secured $11 million in financing for a converted former CVS retail pharmacy location to now become a modern medical office facility for health care provider San Ysidro Health located at 880 3rd Avenue in Chula Vista, CA.

San Ysidro Health (formerly San Ysidro Health Center) is a non-profit organization committed to providing high quality, compassionate, accessible and affordable health care services for the entire family. Services at the new center will include senior services, adult & family medicine, pediatrics, women’s health and support services.

PSRS’s Pasha Johnson structured the loan, and offered the following thoughts on the transaction: “The Chula Vista market continues to benefit from its robust medical industry. This sector has helped support strong real estate fundamentals which has made the area a desirable market for capital providers. This project serves as a great case study for successful adaptive reuse.”

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