Easterly Government Properties Obtains $127.5M Loan to Acquire Medical Office Building in Yorba Linda
YORBA LINDA, CALIF. — Easterly Government Properties has obtained $127.5 million in acquisition financing for a 327,641-square-foot medical office building in the Orange County submarket of Yorba Linda. The Class A building is located at 26001 Redlands Blvd.
Construction was recently completed on the space. It is fully leased to the Department of Veterans Affairs (VA) for 20 years.
Goldman Sachs provided the 10-year, fixed-rate, interest-only loan at a 60 percent loan-to-value ratio. CBRE’s Tom Traynor, James Millon, James Scott and Bernard Van der Lande secured the loan.