The Small Space Marketplace

List Your Space

Find Space

Home About Us Executive Subscriber Membership RENTV Conferences Newsletter Contact Us Advertise
December 14, 2024
 Search RENTV
   Go!
 The REview
 News
News Home Page
Southern California
Northern California
Pacific Northwest
Texas/Southwest
Retail
Multifamily
Financing
Prop. Management
Archives
Press Releases
 R. E. Marketplace
Service Providers
JobWorks
Property Spotlight
 RENTV  Conferences
Subscriber Login:
  
Email      
    Go!
Password      
Forgot Password?



ORANGE COUNTY NEWS
Printer-friendly Version   Email an Associate
Anchor Health Properties Spends $27.6 Mil on Irvine Medical Office Property

4/26/22

Anchor Health Properties has purchased Woodbridge Square Medical, a two-story,36.1k sf multi-tenant medical office building in Irvine, for $27.6 mil, or $765/sf. Located at 4980 Barranca Pkwy, the building was sold by Boureston Development.

The property was 94% leased at the time of sale to 18 medical, dental and laboratory tenants with unique synergies that result in high tenant retention. Situated in the Barranca Medical Corridor, the asset is less than two miles from Hoag Hospital Irvine and Kaiser Permanente Irvine Medical Center.

Newmark Private Capital Group’s Vice Chairman Sean Fulp, Managing Directors Mark Schuessler, Ryan Plummer and John Scruggs, in partnership with Co-Head of U.S. Capital Markets Kevin Shannon, and Executive Managing Directors Paul Jones and Ken White, represented the seller in the transaction.

Scruggs noted, “The property is one of the newest buildings in the submarket and is well positioned to capture new entrants into the market. Demand for medical office in Irvine is expected to outpace supply, which will continue to put upward pressure on rents.”





Return to the Archive page


 


 
 


 
 



Home | About Us | Newsletter | Contact Us | Executive Subscriber Membership | Executive Subscriber Home | Advertise
Southern California | Northern California | Pacific Northwest | Southwest | Retail | Multifamily | Financing | Property Management
Archives | Press Releases | Service Providers | JobWorks | Property Listings

Copyright © 2024 by RENTV, All Rights Reserved
Website designed by Regency Web Services, Inc. and powered by Lightning Media