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Pain Management Group Buys San Diego Medical Office Property

5/06/20

In a recent medical office buy, an Orange County-based pain management group paid $6 mil for Richley Medical Plaza, a 25.6k sf ($234/sf) property in San Diegos Midway District.

Located at 3434 Midway Drive, the two-story building was originally built in 1991. The property includes a 6.5k sf surgery center that features three operating rooms, recovery area, waiting room, reception and two restrooms. The building was approximately 85% vacant at the time of sale and features 65 parking spaces.

Richley Medical Plaza is located in the Sports Arena area of the Midway District and is within walking distance of dozens of restaurants and retail amenities. The property is within three miles of the San Diego International Airport and within five miles of Downtown San Diego. The building is also within one mile of both the I-5 and I-8, two major freeways that connect the Midway District to the rest of San Diego County.

CBREs Dan Henry and Lars Eisenhauer represented the seller, a private investor, in the transaction. The buyer was repped by an outside firm.




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