Back To Listings
Click on image to zoom

Royalty Drive Medical Plaza

1902 Royalty Drive
Pomona, CA 91767
Availability: Price:$5,450,000 Size:31,135 SF
Shipping: Marcus & Millichap is pleased to offer for sale this attractive two-story, elevator-served medical office building located at 1902 Royalty Drive in Pomona, California.
Pricing: $0.00
Qty:

Description

Agents

BEN TASHAKORIAN | SENIOR MANAGING DIRECTOR


Senior Director: Institutional Property Advisors (IPA)
License: CA 01333884
Dir: (858) 373-3176
Fax: (858) 373-3110
btashakorian@ipausa.com

DAVID BENJAMIN | Associate


Member: National Healthcare Group
License: CA 01934605
Dir: (858) 373-3165
Cell: (303) 386-5291
david.benjamin@marcusmillichap.com

Description

Marcus & Millichap is pleased to offer for sale this attractive two-story, elevator-served medical office building located at 1902 Royalty Drive in Pomona, California. Royalty Medical Plaza was built in 1981. It is a combination of steel and wood construction with an open interior courtyard that is well landscaped. The facade is attractive glass, concrete with brick accents. Comprised of 31,153 square feet, the subject is situated on two acres of land that provide over 4.5/1000 parking. The building is currently 67 percent occupied and the average rents in the building are $22/SF. Asking rents in the immediate area are $22.80 to $29.85 per foot FSG.

Features

  • Close Proximity to the 437-Bed Pomona Valley Hospital
  • Recently Selected For New Los Angeles County Trauma Center
  • Significant Upside Through Leasing and Management
  • 8.06% CAP Rate at 90% Occupancy
  • Average Rent in Subject $22/SF; Market Rents $22.80 to $29.85 FSG
  • Significantly Below Comparable Sales and Replacement Cost

Offering Price

$5,450,000

Net Rentable Area

31,135 SF

Price Per SF

$175

Cap Rate

5.39%

Occupancy

67%

Details

  • 22932242
  • Office
  • Price:$5,450,000 Size:31,135 SF
  • New

Shipping Information

  • Item Requires Shipping
  • Marcus & Millichap is pleased to offer for sale this attractive two-story, elevator-served medical office building located at 1902 Royalty Drive in Pomona, California.

Customer Reviews

Comment Total Reviews (0)

Write the First Review!

You must login to post a review.