Rancho Cucamonga, CA, March 14, 2012 – Colliers International, the third largest global real estate services organization, has completed the sale of a 98,176 square-foot hospital and medical office building located at 10841 White Oak Avenue, Rancho Cucamonga, Calif. for an undisclosed price. John Wadsworth (middle right photo), Vice President and Director of Healthcare Properties, based in Colliers International’s Irvine office, Tom Lagos, Senior Vice President, and El Warner, Associate Vice President both based in Colliers International’s Downtown Los Angeles Office, represented the Seller, Pacific Health Realty, LLC. The Buyer represented itself.
Built in 1996, Kindred Hospital Rancho (top left photo) is comprised of a single-story Long-Term Acute care (“LTAC”) hospital building consisting of 55 beds with an attached 3-story medical office building. Both the hospital and medical office building are currently occupied and operated by Kindred Healthcare.
Kindred Healthcare is a major healthcare service provider operating hospitals, nursing rehabilitation centers and sub-acute care facilities throughout the United States.
“Kindred Rancho is a unique asset due to the property consisting of a Long Term Acute Care (“LTAC”) hospital and attached medical office building.” said Wadsworth.
“The unique physical nature of the property combined with a master lease to an industry leader like Kindred Healthcare appealed to a wide range of potential investors,” added Wadsworth.
Contact:
Jennifer Hsieh
Regional Marketing Manager
+1 949 724 5545
No comments:
Post a Comment