RIVERSIDE, CA—Newmark Grubb Knight Frank Global Healthcare Services has completed the $25 million sale of La Quinta Medical Center on behalf of Accretive Realty Investment, LLC. The buyer was a large real estate investment trust that specializes in the healthcare sector.

The sale price equates to a capitalization rate of approximately 6%, underscoring the asset’s high quality and excellent location in the fastest-growing portion of the Coachella Valley. The property, located at 47647 Caleo Bay Drive a mile south of Highway 111, was 98% occupied when the transaction closed.

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