Since completion in 1993, 4th & Lewis has been fully leased to Regents University of California – San Diego Health on an absolute triple-net lease. A publicly traded healthcare REIT recently purchased the 22,461-square-foot four-story medical office building in San Diego for $17.15 million.
4th & Lewis is located at 330 Lewis St. in the heart of the Hillcrest submarket and includes an 89-stall subterranean parking garage. The medical office building benefits from its strategic location bordering the campus of the 482-bed Scripps Mercy Hospital, a few blocks from the 390-bed UCSD Medical Center. Both are underway with multibillion-dollar redevelopments. Additionally, the asset is near SR-163, providing regional connectivity to the 8, 5, 805 and 15 freeways.
JLL marketed the property on behalf of the seller, Coast Income Properties. JLL’s healthcare capital markets team was led by Evan Kovac, Andrew Milne and Trent Jemmett as well as JLL’s San Diego healthcare team led by Paul Braun and Kelly Moriarty.
Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism.
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