Lydia Percia, CED’s Senior Vice President, shared great news in January 2019 concerning Continental Medical Center’s primary tenant, RadNet. The diagnostic imaging clinic chose to sign a new lease for an additional (6) year term after the expiration of their previous (7) year lease at CMP. Lydia believes the location itself was a key component of why RadNet decided to renew its lease. The renewal further demonstrates CMP’s strategic location to Rancho Springs Medical Center, Loma Linda University Health – Murrieta, and Inland Valley Medical Center – Wildomar.
RadNet’s long-term lease provides a positive increased market valuation of the RadNet building. The continued success of our long-standing business relationship with RadNet expects to open the door for other new potential builds to suit clinics, which are envisioned to be owned by CED and master-leased by RadNet.
Learn more about what’s going on at Continental Medical Plaza by visiting Continental East Fund IV, LLC.