Los Angeles – CBRE announced the sale of a medical office building, Holt Medical Center, in Montclair, Calif. to a private investor in a 1031-exchange for $3.8 million.
CBRE’s Sammy Cemo, Anthony DeLorenzo, Gary Stache, Doug Mack, Bryan Johnson and John Oien represented the seller, an Orange County based private investor. The buyer was represented by an outside broker.
Located at 5153 Holt Boulevard, the 12,453 square-foot property was originally built in 2006 on a 1.03-acre lot. The single-story building was 100 percent leased to seven tenants at the time of sale with a weighted average lease term remaining of 5.02 years.
“Holt Medical Center is a very stable asset in a strong medical office market,” said Cemo. “The property is strategically located within a 15-minute drive from six major medical hospitals.”
CBRE’s Sammy Cemo, Anthony DeLorenzo, Gary Stache, Doug Mack, Bryan Johnson and John Oien represented the seller, an Orange County based private investor. The buyer was represented by an outside broker.
Located at 5153 Holt Boulevard, the 12,453 square-foot property was originally built in 2006 on a 1.03-acre lot. The single-story building was 100 percent leased to seven tenants at the time of sale with a weighted average lease term remaining of 5.02 years.
“Holt Medical Center is a very stable asset in a strong medical office market,” said Cemo. “The property is strategically located within a 15-minute drive from six major medical hospitals.”
About CBRE Group, Inc.
CBRE Group, Inc. (NYSE: CBRE), a Fortune 500 and S&P 500 company headquartered in Dallas, is the world’s largest commercial real estate services and investment firm (based on 2020 revenue). The company has more than 100,000 employees serving clients in more than 100 countries. CBRE serves a diverse range of clients with an integrated suite of services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com.
CBRE Group, Inc. (NYSE: CBRE), a Fortune 500 and S&P 500 company headquartered in Dallas, is the world’s largest commercial real estate services and investment firm (based on 2020 revenue). The company has more than 100,000 employees serving clients in more than 100 countries. CBRE serves a diverse range of clients with an integrated suite of services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com.
