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July 25, 2024
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Torrey Hills Medical Plaza Trades for $785/sf


Torrey Hills Medical Plaza, a 47.6k sf, Class A medical office building and attached parking garage in San Diego, has sold for $37.35 mil ($785/sf) in a year-end deal. The asset was acquired by a publicly traded real estate investment trust from Virtus Real Estate Capital and Coast Income Properties.

Torrey Hills Medical Plaza, located on a 2.59-acre site at 4765 Carmel Mountain Rd, features an exclusive connected two-level parking garage within the Vons-anchored Torrey Hills Center. The property is in the highly affluent Carmel Valley submarket within minutes of UCSD’s 364-bed Jacobs Medical Center, Scripps Research Institute, Scripps Memorial Hospital, The Salk Institute San Diego and Scripps Green Hospital.

Completed in 2005, the two-story building is 91% leased and anchored by Fresenius Medical Care. Additionally, this location is accessible to the 5 and 805 Freeways as well as US Route 56, providing connectivity to all areas of San Diego.

Andrew Milne, Evan Kovac, Trent Jemmett, Paul Braun, Chris Ross and Kelly Moriarty with JLL represented the seller in the transaction.

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