|
|
3/24/26
|
Archer Property Partners purchased a three-building, 39.7 msf outpatient medical office portfolio in Orange County, anchored by MemorialCare, one of Southern California’s leading nonprofit health systems. The portfolio traded for $17.8 mil ($448/sf).
23512 Madero Rd, Mission Viejo |
 |
|
The portfolio consists of a 12.5k sf building at 23512 Madero Rd in Mission Viejo, a 10k sf building at 722 Baker St in Costa Mesa, and a 17.2k sf building at 29472 Avenida del las Banderas in Rancho Santa Margerita. The properties were previously owned through a partnership between a private investment group and MemorialCare, which held a minority ownership interest.
Each of the properties functions as a community-based primary care facility and plays an important role within MemorialCare’s broader healthcare delivery network. The properties share several attributes that Archer believes make them particularly attractive long-term investments.
“Buildings like these are extremely difficult to replicate today,” said Bryan McKenney, Managing Partner at Archer. “You have purpose-built medical facilities, single-story layouts that physicians strongly prefer, surface parking, and locations directly embedded within high-income communities. When you combine those characteristics with a long-term health system tenant, it creates a very compelling investment profile.”
As part of the acquisition, MemorialCare executed a new long-term lease at the Rancho Santa Margarita property, reaffirming its commitment to the location and the surrounding community.
The properties have been well maintained by prior ownership, and Archer plans to implement targeted building upgrades while preserving the facilities’ functionality for medical users.
MemorialCare’s strategic right-sizing at the Rancho Santa Margarita location will also create approximately 5k sf of new leasing opportunities — space that has never been available at the property. Archer has engaged MedWest Realty, a brokerage firm specializing in healthcare real estate, to market the vacant space.
Andy Knott and Austin Kanzler of CBRE represented the seller in the transaction. Archer acquired the portfolio without broker representation.
|
|
 Return to the previous page
|
|
|
|
|
Printer-friendly Version
Email an Associate
