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June 18, 2024
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Healthcare Realty Pays $24.6 Mil for OC Medical Office Building


Healthcare Realty closed on the $24.6 mil purchase of Saddleback Professional Center, a 73k sf ($337/sf), medical office building in Laguna Hills. The property, located at 24012 Calle De La Plata, was sold by Miramar Capital.

Saddleback Professional Center is ideally located adjacent to MemorialCareís Saddleback Medical Center and just minutes to Interstate 5, providing convenient access to neighboring communities. It features views of the Saddleback Mountains and is within walking distance to abundant retail and restaurant options.

Mike Adams and Morgan Adams with Stream Realty Partners represented Miramar Capital, who, over the past several years, renovated the building and corridors, improved logistical operations, and proactively identified efficiencies within the parking structure.

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