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December 3, 2020
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Anchor Health Properties Venture Buys Temecula Medical Office Asset

10/29/20

A joint venture between Anchor Health Properties and an institutional equity partner recently purchased the Makena Medical Buildings, a 42.9k sf, Class A medical office property in Temecula.

Consisting of two two-story buildings located at 31150 and 31170 Temecula Pkwy, the property is located down the street from the Temecula Valley Hospital. The buildings were constructed in 2015 and feature a variety of medical specialties including urgent care, cardiology, gastroenterology, family medicine and pediatric care.

Travis Ives, Gino Lollio and Scott Niedergang of Cushman & Wakefield’s U.S. Healthcare Capital Markets Team represented the seller, Makena Medical Buildings Temecula LLC, a local developer with a track record of successful medical developments throughout San Diego and Riverside County.

“The Makena Medical Buildings embody the characteristics sophisticated medical investors like Anchor Health Properties look for: best-in-class construction within close proximity to strong hospital campuses anchored by the dominant medical providers in the market,” said Ives. “This acquisition will make a great addition to their growing portfolio of medical office buildings in the region.”

Ives added, “The medical office sector continues to show strength during the pandemic. In addition to the traditional medical office investors that were already in this space, we’re now seeing an influx of new capital crossing over from other product types seeking the dependable cash flow and recession-resistant nature of medical office buildings. We expect this trend to continue into next year, which should lead to heightened competition for premier assets like this.”





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