Royalty Drive Medical Plaza
Pomona, CA 91767
- Offering Price
- Net Rentable Area
- Price Per SF
- Cap Rate
DescriptionMarcus & 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.
- 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
Net Rentable Area
Price Per SF
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- 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.
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