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IRA Capital Acquires Magan Medical Clinic

Covina Office Building Sells for $39.9 Million
The medical office building on West Rowland Street sits on nearly five acres in Los Angeles County. (CoStar)
The medical office building on West Rowland Street sits on nearly five acres in Los Angeles County. (CoStar)
By James Young
June 3, 2020 | 5:36 P.M.

IRA Capital, an Irvine-based private equity firm, purchased the Magan Medical Clinic at 420 W. Rowland St. in Covina, California, for more than $39.86 million, or approximately $633 per square foot, from DaVita Inc.

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