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5/12/20
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Centurion Fuchigami International Inc bought a 14.6k sf medical office property in Moreno Valley for $6.99 mil ($479/sf). Located at 22555 Alessandro Blvd, the single-story building is fully leased with the primary tenant being dialysis provider DaVita.
The property is situated 10 minutes from Riverside University Health System Medical Center and in proximity to the planned Canyon Springs Healthcare Campus on the boarder of Riverside and Moreno Valley. It also sits near I-215 and Hwy 60.
CBRE’s Sammy Cemo, Gary Stache, Anthony DeLorenzo, Doug Mack and Bryan Johnson represented the seller, a private investor. The buyer was repped by Terry Okuyama of Berkshire Hathaway.
“With the average lease term more than seven years, the new owner is going to enjoy a secure, stable cash flow with strong tenants that are loyal to their locations due to the cost of improvements and specific requirements,” said Stache.
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