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July 17, 2018
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Easterly Government Properties Buys 327k sf, OC Medical Office Building Fully Leased to the VA


Easterly Government Properties has acquired a three-story, 327.6k sf Class A medical office building in Loma Linda. Although we don’t have the sale price, we can tell you the purchase was financed with a loan of $127.5 mil.

Located at 26001 Redlands Blvd, the newly developed property has been 100% leased to the Department of Veterans Affairs (VA) for 20 years. The property is situated on a 37-acre site in the heart of Loma Linda and features state-of-the-art building design and amenities, a central lobby connecting the building’s four wings, and more 2,000 parking spaces.

Tom Traynor and James Millon of CBRE’s Debt & Structured Finance team, along with James Scott and Bernard Van der Lande of CBRE Capital Advisors, arranged the financing. The ten-year, fixed-rate, interest-only loan was provided by Goldman Sachs at 60% LTV.

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