Kennedy Wilson Brokerage arranged the sale of a prime office asset located at 11000 Eucalyptus St. in Rancho Cucamonga for $22,250,000. The 127,000-square-foot building is set to become medical office space for San Antonio Regional Hospital – an Upland-based regional healthcare provider.
SVP Gary Goodgame, EVP Jeremy Dee and associate Max Browne represented the seller Mercury Casualty Company with whom Kennedy Wilson Brokerage has had a long relationship while SVP Graham Gille from The Hoffman Company represented the buyer.
Goodgame commented on this transaction: “This sale reflects the ongoing trend of large offices being converted into medical use facilities as Mercury made a strategic decision to sell what many consider as an iconic property in its submarket.” He further added that “The property will be beneficial to San Antonio Regional Hospital and its presence in Rancho Cucamonga will benefit its surrounding community greatly”
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