**County of Riverside Acquires Two Medical Office Buildings for $53M**
Cushman & Wakefield has arranged the sale of two fully leased, institutional-quality medical office buildings totaling 85,204 square feet in Riverside County, California. The properties, located at 8876 Mission Boulevard in Jurupa Valley and 2813 South Main Street in Corona, were acquired for a combined total of $53 million — $25 million and $28 million, respectively.
The Cushman & Wakefield Healthcare Capital Markets Team, including Travis Ives, Gino Lollio, and Tyler Morss, represented the seller in the transaction. The buyer of both properties was the County of Riverside, which is also the tenant operating out of these facilities.
“Medical buildings with investment-grade tenancy and longer lease terms present attractive acquisition opportunities for a wide variety of investor types,” said Travis Ives. “In this case, Riverside County was the logical buyer, considering their dedication to operating out of these properties long-term and the opportunity to acquire at a significant discount to replacement.”
Both buildings are 100% leased to the County of Riverside, operating under the Riverside University Health System.
