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10/30/25
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In a recent NoCal medical office buy, Anchor Health Properties picked up Bon Air Medical Center, a 27.3k sf, multi-specialty medical outpatient building in Larkspur, for $24 mil ($879/sf). The property was sold by Wareham Development Corporation.
Bon Air Medical Center is located on a 3.61-acre waterfront site at 2 and 18 Bon Air Rd in Larkspur, offering access to world-class healthcare facilities and some of the Bay Area’s most upscale residential communities. The property is adjacent to the MarinHealth Medical Center, the county’s largest hospital, and offers excellent visibility and access with easy connectivity to Highway 101 and the Larkspur Ferry Terminal.
The two single-story buildings are fully leased to MarinHealth and offer a wide range of services, including cardiovascular medicine, orthopedics, imaging and spinal care.
Evan Kovac, Andrew Milne, John Chun, Matt DiCesare, Anthony Sardo, Erik Hanson and Rob Hielscher with JLL led the sales efforts on behalf of the seller.
“This was an asset that we had owned for many decades,” said James Goddard, Partner, Wareham Development. “As our portfolio had grown and expanded it had become a geographically isolated project. Now was an opportune time to sell and reinvest the funds into our large format campus locations in the San Francisco East Bay and in the Stanford Research Park in Palo Alto.”
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