Cushman & Wakefield recently sold a 160,000-square-foot medical office building owned by Palomar Health in Poway, California, in a sale-leaseback transaction for more than $100 million.
Pomerado Outpatient Pavilion is Poways largest medical building and was the only medical office building to sell in San Diego County since the start of the year that is larger than 25,000 square feet.
According to the Managing Director of Cushman & Wakefield, Travis Ives, the transaction provided Palomar Health with immediate access to capital for tenant improvements. It will also enable the healthcare system to save more than $2 million annually.
The medical office facility was built in 2007 and is situated at 15611 Pomerado Road.
The Cushman & Wakefield team representing the seller were Travis Ives, Gino Lollio, and Scott Niedergang, with the participation of Director Joe Zurek.
About the author
Maurice Bedard
Chief Inspector & Owner · CCPI, CMI, CMR
Maurice Bedard is the chief inspector and owner of U.S. Commercial Building Inspections, a Certified Commercial Property Inspector with more than 25 years in commercial real estate, construction, restoration and remediation across Southern California. He has personally inspected office, retail, industrial, multifamily and institutional buildings for buyers, owners, brokers and lenders throughout San Diego, Orange, Los Angeles, Riverside and San Bernardino Counties.
Written and reviewed by Maurice Bedard · Published June 3, 2021 · Updated June 17, 2023
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