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7/11/24
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Cypress West Partners in a joint venture with TPG Angelo Gordon, bought 450 4th Ave, a 37k sf medical outpatient building in Chula Vista. The price was not disclosed.
450 4th Ave is located on the campus of the 173-bed Scripps Mercy Hospital Chula Vista. The property serves the broader southern San Diego area and is conveniently located between the 5 and 805 Freeways. Renovated in 2015, the four-story property is currently leased to 12 tenants, including anchor tenant Scripps Health.
Matt DiCesare and Evan Kovac with JLL’s Medical Properties Group represented the seller, Turner Impact Capital, and procured the buyer in the deal.
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