Montecito Medical, an owner of medical office properties throughout the United States, has completed the acquisition of a medical building housing the Pomona Valley Health Center in the Los Angeles suburb of La Verne, Calif.
The property, which offers slightly under 40,000 square feet of space, is 100 percent leased. Pomona Valley Hospital Medical Center serves as anchor tenant, occupying 85 percent of the building’s space. Other tenants include a well-established veterinary clinic and a dental office.
La Verne is an affluent community 24 miles east of downtown Los Angeles. The property is conveniently situated along a busy commercial corridor directly off Route 66 and several blocks from Interstate 210 and within three miles of Pomona Valley Hospital Medical Center. Roughly 300,000 people live within five miles of the property.
The La Verne acquisition establishes a footprint for Montecito in Southern California. Earlier in 2021, the company added a medical o
