Coldwell Banker Commercial SC Closes Sale of 1809 Redlands BlvdOctober 20th, 2016 by Elizabeth Rouse
SAN DIEGO/ONTARIO (October 20, 2016) — Coldwell Banker Commercial SC (CBC SC) just announced the sale of a leased, 2,792 square-foot, Redlands office condo for $730K with a 6.6% cap rate. Currently occupied by Inland Psychiatric Medical Group, the building is located at 1809 Redlands Blvd and was purchased as an investment opportunity.
Christopher Yeakey, Senior Associate, and Andy Farra, Associate, both of CBC SC represented the buyer, Gandi, LLC. Rick Lazar and Spencer Hull, Senior Vice Presidents of CBC SC, represented the seller, Inland Management, LLC. As part of the sale, Inland Psychiatric Medical Group agreed to sign a seven-year lease which motivated and justified the investment.
“We were pleased to be a part of facilitating this transaction which allowed our client to sell their interest in the property and to retain an excellent medical provider in the Inland Empire. The commercial real estate market in the Inland Empire is experiencing a tremendous rebound offering investors an opportunity to acquire properties at reasonable rates and prices,” commented Spencer Hull.
Inland Psychiatric Medical Group has ten offices located in the Inland Empire and offers a large variety of medical expertise including comprehensive care to Child and Adolescent, Adult, and Geriatric Psychiatry.
If you would like more information about this topic, please contact Christopher Yeakey at 619-344-0869 or Rick Lazar at 909-980-6868.
About Coldwell Banker Commercial SC
Coldwell Banker Commercial SC is a full service commercial real estate firm located in Southern California with office locations in San Diego, Temecula, and Ontario, specializing in commercial real estate brokerage and asset management. With a proven track record of efficiency, quality care, and service, we offer the global strength that is synonymous with the Coldwell Banker Commercial brand. Our years of combined experience in commercial asset management services allows us to cost effectively serve the unique needs of each client. Our priority is value enhancement and the optimization of our client’s financial returns. Every effort is focused on this goal.
For more information, visit: www.cbcsocalgroup.com.