REBusinessOnline

LNR Partners Divests 44,187 SF Office Building in Pomona Valley

Pomona-Tech-Center-Pomona-CA

Offering immediate access to Orange County and the Inland Empire, Pomona Tech Center features 44,187 square feet of office space in Pomona, Calif.

POMONA, CALIF. — LNR Partners has completed the sale of Pomona Tech Center, an office building located at 3201 Temple Ave. in Pomona. A private buyer acquired the asset for $6.5 million, or $147 per square foot.

The two-story, 44,187-square-foot building features institutional-quality, steel-frame improvements with a recently renovated vaulted lobby, mountain and valley views, and ample surface parking. Additionally, the property offers immediate access to Orange County and the Inland Empire.

At the time of sale, the property was 89 percent leased to six tenants, with national credit tenants St. Joseph Health and Henkels & McCoy occupying 46 percent of the building.

Jeffrey Cole, Ed Hernandez and Nico Napolitano of Cushman & Wakefield’s Capital Markets Group, along with Sean Kern and Ryan Russell of Cushman & Wakefield, represented the seller in the transaction.

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