The Small Space Marketplace

List Your Space

Find Space

Home About Us Executive Subscriber Membership RENTV Conferences Newsletter Contact Us Advertise
December 5, 2019
 Search RENTV
   Go!
 Video Programs
 News
News Home Page
Southern California
Northern California
Pacific Northwest
Texas/Southwest
Retail
Multifamily
Financing
Prop. Management
Archives
Press Releases
 R. E. Marketplace
Service Providers
JobWorks
Property Spotlight
 RENTV  Conferences
Subscriber Login:
  
Email      
    Go!
Password      
Forgot Password?



ETC... ETC...
Printer-friendly Version   Email an Associate
Stockton Dialysis Clinic Sells for $550/sf

11/19/19

An unnamed private investor from Northern California paid $7.5 mil for a 13.6k sf ($551/sf), dialysis clinic in Stockton. The transaction closed at a cap rate of 5.15%.

The outpatient clinic is located at 7500 West Lane and is positioned directly across the street from Kaiser Permanente’s Stockton medical offices and within a five-minute walk to restaurants and retail amenities including Costco. It was sold by Meridian, a full-service real estate developer and owner of medical real estate.

In April 2018, Meridian acquired a 7.5k sf building sitting on 2.06 acres to build the Stockton dialysis clinic. At the time, the deal represented the 16th outpatient clinic that Meridian had developed over the last five years.

“In order to build the larger, state-of-the-art facility, we needed to demolish the outdated building,” said Mike Conn, Meridian Executive Vice President. “Through a coordinated team effort with our client, design and construction team and the city, we were able to construct the OSHPD 3 clinic turn-key in less than 10 months.”

Meridian’s project architect was Harriman Kinyon Architects of Walnut Creek, California. Kier and Wright of Livermore, California was the civil engineer and the general contractor was H2 Builders of Napa, California.

The buyer was represented by Paul Beckwith of Cushman & Wakefield. Meridian was repped by Chris Sheldon, also with Cushman & Wakefield.




Return to the previous page


 


 
 
 
 



Home | About Us | Newsletter | Contact Us | Executive Subscriber Membership | Executive Subscriber Home | Advertise
Southern California | Northern California | Pacific Northwest | Southwest | Retail | Multifamily | Financing | Property Management
Archives | Press Releases | Service Providers | JobWorks | Property Listings

Copyright © 2019 by RENTV, All Rights Reserved
Website designed by Regency Web Services, Inc. and powered by Lightning Media