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3/31/20
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Bella Terra Medical Plaza, a four-story, 59.4k sf off-campus medical office building in Huntington Beach, traded hands in a $20 mil ($337/sf) transaction. The asset was sold by Vibe Boutique Office Properties and acquired by Manhattan Real Estate Holdings.
Bella Terra Medical Plaza is located at 7677 Center Ave, immediately adjacent to and visible from I-405, one of Orange County’s major commuter arteries. Additionally, the 1.8-acre site is adjacent to Bella Terra, a shopping and entertainment center providing numerous retail amenities for tenants and patients alike. The recently renovated, Class A medical office asset is approximately 90% leased to a wide variety of medical facilities and providers.
Derek Landry, Bob Prendergast, Sach Kirpalani, Lynn LaChapelle, Kellie Hill, Chris Isola and Bryan Lewitt with JLL represented the seller in the transaction.
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