The Small Space Marketplace

List Your Space

Find Space

Home About Us Executive Subscriber Membership RENTV Conferences Newsletter Contact Us Advertise
October 27, 2021
 Search RENTV
   Go!
 The REview
 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
Santa Ana Medical Office Building Gets New Owner in $30 Mil Deal

10/12/21

A newly renovated, 53.6k sf medical office building in Santa Ana was purchased by a large SoCal healthcare provider in a $29.9 mil ($558/sf) transaction. The building, sold by Meridian, is located at 3601 W. Sunflower Ave, within the South Coast Collection (SOCO) market of Orange County, an area undergoing significant revitalization.

“The location of this property is very exciting,” said Meridian Vice President, Acquisitions, R.J. Sommerdyke. “It is located directly across the street from The Press, a new 640k sf creative office project recently leased by technology/defense firm Anduril. The building is also adjacent to The Hive, a large redevelopment project that serves as the headquarters for the Los Angeles Chargers. The opening of The Press will bring thousands of employees to the immediate area within the next couple of years. As a result, we expect the SOCO area to continue evolving and attract future investment.”

Constructed in 2000, the building was originally built as a special use building for a culinary and arts school. Meridian acquired the property in October 2019, and completed an extensive renovation which converted the building into a Class A medical office building. Meridian’s renovation work included updating the common areas, landscaping and major mechanical systems in order to fully convert the space to medical office. The end result is a state-of-the-art healthcare facility that will provide the community with access to services that will greatly enhance the lives of countless individuals for years to come.

Justin Hodgdon, John Scruggs, David Kluth and Mai Hu with Newmark represented the buyer in the deal. Meridian, which currently owns and manages healthcare properties throughout the western United States, was self-represented in the transaction.




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 © 2021 by RENTV, All Rights Reserved
Website designed by Regency Web Services, Inc. and powered by Lightning Media