California CRE News In Your Inbox.
Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.
Demand for Medical Facility Investments Escalates Rapidly During COVID
15 Mareblu, also known as the Aliso Viejo Professional Centre, a 34,222-square-foot medical office building located in Aliso Viejo, recently sold for $17.5 million. The asset was 62 percent leased at the time of sale.
Newmark John Scruggs and Daniel Nabavi represented the undisclosed seller.
“The Aliso Viejo area benefits from a strong demographic profile and tenant base as well as ease of access via arterial freeways from Orange County and northern San Diego,” said Scruggs. “Demand for medical office investments has escalated rapidly following the COVID-19 pandemic as investors look for opportunities to diversify their portfolio with stable asset types such as medical office and industrial properties.”
15 Mareblu is a three-story medical office building built in 1990 and features 144 free surface parking spaces. The building also features highway exposure on California State Route 73.
- ◦Sale/Acquisition
