Purchase of new medical condominium
Gary Pepp, Senior Vice President, of Bailes & Associates, Inc. represented Dr. Keith Tokuhara, MD of Desert Vision Center in the purchase of a 3,077/sf medical condominium located at 35-900 Bob Hope Drive, Suite 155, Rancho Mirage, CA. Gary Pepp had represented Dr. Tokuhara in the purchase of the medical unit 175, He had decided to purchase the adjoining unit 155 for his surgical center.
Escrow has been opened and is schedule to fund and close on January 4, 2019. The purchase price was $650,000.00 ($211.24/SF.) Financing was provided by West Valley National Bank in Phoenix AZ.